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Cardinal Health Signs New CVS Agreement

Dublin-based Cardinal Health says it has signed a new agreement with the CVS chain of pharmacies and distribution centers. The CVS agreement is good news for Cardinal which has lost two other important accounts. The expiration of contracts with Walgreen’s and Express Scripts means substantial revenue losses for Cardinal. The CVS agreement could generate more than $20 billion in revenue annually for the health care distributor.. The agreement is in effect until the middle of 2016.