Report: Cardinal Health acquires wholesaler Dik Drug

DUBLIN, Ohio — Cardinal Health has acquired regional wholesaler Dik Drug for an undisclosed price, according to published reports.

Dik Drug was founded in 1914 as a small repackaging distributorship that serviced the Chicago area. According to the company's website, Dik Drug warehouses more than 20,000 products.

According to a post from Drug Channels blogger Adam Fein, who broke the story Monday, Dik is an investor in Third Party Station (Pharmacy First), a wholesaler-owned Pharmacy Services Administrative Organization. According to Fein, Cardinal has acquired two of the nine wholesalers that own TPS.

For Fein's full report, click here.