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CARDINAL HEALTH: Owner & Founder

Robert D. Walter is an American businessman best known for his role in the creation of Cardinal Health.

Walter graduated from St. Charles Preparatory School and has a BA from Ohio University. After a brief and unhappy stint as an engineer, Walter attended Harvard Business School, where he received an MBA.

In 1971 he purchased Cardinal Foods, a small Ohio food wholesaler, in a leveraged buyout. In 1979, the company acquired Bailey Drug Company and began wholesaling drugs. In subsequent years, the company experienced extraordinary growth, "one of a handful of large U.S. companies that had achieved earnings-per-share growth in excess of 20 percent for 15 years straight.

Cardinal Health, Inc. is a Fortune 500 health care services company based in Dublin, Ohio. The company specializes in distribution of pharmaceuticals and medical products, serving more than 100,000 locations. The company also manufactures medical and surgical products, including gloves, surgical apparel and fluid management products. In addition, it operates the largest network of radiopharmacies in the U.S. Cardinal Health provides medical products to over 75 percent of hospitals in the United States. In December 2013, it was announced that Cardinal Health would team up with CVS Caremark, which would form the largest generic drug sourcing operation in the United States. The venture was named Red Oak Sourcing and began operations in July 2014.

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