Cardinal Health announced its plans to open a new distribution center in Walton Hills, Ohio, supporting its U.S. Medical Products and Distribution business. The facility will integrate new technology solutions, deliver operational efficiencies, and provide expanded capacity in the Cleveland, Ohio area. With construction underway, the distribution center is anticipated to be fully operational in the spring of 2025 and, at nearly 249,000 square feet, is more than 30% larger than the Cardinal Health location in nearby Solon, Ohio, it will replace. The larger building and its operations will accommodate a full transition of employees.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAH:
- Cardinal Health price target raised to $119 from $115 at Deutsche Bank
- Cardinal Health Board of Directors Approves Quarterly Dividend
- Cardinal Health removed from ‘Tactical Outperform’ list at Evercore ISI
- Cardinal Health price target raised to $116 from $109 at TD Cowen
- Cardinal Health price target raised to $119 from $114 at Morgan Stanley
