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Cardinal Health Foundation expands Equity Rx to increase access to prescription medications, bringing total investment to $5M

1. Cardinal Health expands Equity Rx to improve medication access in Ohio. 2. A $5 million grant enables new drug repository and distribution center. 3. Critical need for affordable medications affects 29% of Americans. 4. Equity Rx aims to revolutionize medication access for chronic conditions. 5. The initiative will help replicate successful programs nationally.

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Why Bullish?

The proactive investment in healthcare access demonstrates Cardinal Health's commitment to community health. Historical examples show that similar initiatives can strengthen corporate reputation and drive stock performance.

How important is it?

The initiative improves Cardinal's brand value and aligns with market needs, likely affecting stock positively. An increased commitment to community health can attract investors focused on social responsibility.

Why Long Term?

The development of a statewide drug repository will take time, likely benefiting CAH over several years. Similar past initiatives show sustained benefits beyond immediate implementation.

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Grant funds will also launch the development of Ohio's first statewide prescription drug repository , /PRNewswire/ -- Cardinal Health (NYSE:CAH) announced today the expansion of Equity Rx, to help meet the needs of people across Ohio and beyond who cannot afford their prescription medications. Launched as a pilot in Ohio in 2023, Equity Rx was created through a partnership of the Cardinal Health Foundation, the Charitable Healthcare Network (CHN) (an Ohio charitable healthcare organization) and St. Vincent de Paul Charitable Pharmacy in Cincinnati, Ohio. With this most recent grant, the Foundation has invested a total of $5 million in Equity Rx. The Foundation's recent grant funds will enable: Expansion of the southwest Ohio pilot project into the northeast and southeast quadrants of the state, as well as in three additional states with the partnership of the National Association of Free and Charitable Clinics (NAFC). Development of Ohio's first statewide prescription drug repository and distribution center, where donated medications will be sorted, inventoried, catalogued and prepared for distribution at no cost to the CHN network organizations. Seventy percent of U.S. adults take at least one prescription daily and 24% take four or more.1 However, drug costs prevent about 29% of people from filling their needed prescriptions,2 highlighting a critical need for affordable access. The need is especially great for those living with chronic conditions, like diabetes, asthma or chronic obstructive pulmonary disease (COPD), who need medications to manage their diseases and avoid complications. "Equity Rx ensures patients in need can get their medications when they need them, while also providing access to pharmacists who can counsel them on health issues, medication adherence and more," said Jessie Cannon, President of the Cardinal Health Foundation. "We are proud to expand our investment in Equity Rx, helping to ensure that more patients can live healthy lives." Building on a successful pilotIn the first phase of the program, CHN established an Equity Rx fund and partnered with St. Vincent de Paul Charitable Pharmacy to expand medication access to free clinics in southwest Ohio. St. Vincent de Paul fills and delivers prescriptions to charitable clinics for on-site dispensing, allowing patients to receive medications directly during their primary care visits. Support from the Foundation and the NAFC expanded the program, establishing Equity Rx programs in 10 charitable clinics across Ohio, Pennsylvania, Tennessee and Illinois. Collectively, Equity Rx has helped thousands of patients access free medications. "Everyone should be able to access the medications and care they need," said Jason Koma, executive director of the Charitable Healthcare Network. "There are many barriers that prevent this, but Equity Rx is helping to remove them, providing a real opportunity to revolutionize medication access for patients in Ohio and, ultimately, replicate the program nationally." Launching Ohio's first statewide drug repository"Millions of dollars' worth of safe, unexpired medications are wasted each year in nursing homes and long-term care facilities," said Rusty Curington, PharmD and vice president of pharmacy at St. Vincent de Paul Charitable Pharmacy. "Our vision is to create a streamlined, statewide drug repository where anyone can easily donate unused medications. The repository will safely upcycle donated medications and send them to free clinics and charitable pharmacies, which will help expand access to care across Ohio." St. Vincent de Paul Charitable Pharmacy will house the new statewide prescription drug repository, which will be created in partnership with the Ohio State Board of Pharmacy. During the two-year innovation phase, a portion of the new Foundation grant dollars will be used for start-up technologies and operations for the repository. The facility is expected to be fully operational in 2027.   "The partnership with Equity Rx came at a time when the Foundation was focused on making a greater, more focused impact that was also aligned to our mission and the communities we serve," said Jessica Mayer, chief legal and compliance officer at Cardinal Health and chair of the Cardinal Health Foundation Board. "Rusty and Jason came to us at the right time because Equity Rx allows us to do both. Supporting this program is a powerful way for us to live Cardinal Health's mission of improving the lives of people every day." About Cardinal HealthCardinal Health is a distributor of pharmaceuticals and specialty products; a global manufacturer and distributor of medical and laboratory products; a supplier of home-health and direct-to-patient products and services; an operator of nuclear pharmacies and manufacturing facilities; and a provider of performance and data solutions. Our company's customer-centric focus drives continuous improvement and leads to innovative solutions that improve people's lives every day. Learn more about Cardinal Health at cardinalhealth.com and in our Newsroom.  ContactsMedia: Michelle Leitzy, [email protected], 614.757.1282Investors: Matt Sims, [email protected], 614.553.3661 References: 1 Andrew Gallant, "A growing number of Americans report taking prescription medications daily," Civic Science, January 11, 2023. https://civicscience.com/a-growing-number-of-americans-report-taking-prescription-medications-daily/#:~:text=The%20number%20of%20U.S.%20adults,from%2018%25%20to%2024%25 2 Tori March, "Nearly a third of Americans aren't filling their prescriptions because of high costs, April 2, 2025,  https://www.goodrx.com/healthcare-access/research/third-of-americans-dont-fill-prescriptions-due-to-cost?srsltid=AfmBOopeXVW-ErDB8kpmWwq6JxxUV8wyF2ycFzJP5AfhRNttxzmjuOrT. Accessed June 23, 2025. SOURCE Cardinal Health WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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