Today, Cardinal Health Inc (NYSE:CAH) announced that it would condense its services into two segments to streamline operations and reduce cost. The Health Care Supply Chain Services segment will be formed by Cardinal Health's network of pharmaceutical and medical product distribution centers and nuclear pharmacies. Products for infusion, medication dispensing, respiratory care, and infection prevention will be grouped to form the Clinical and Medical Products segment. The consolidation will trim about 600 jobs, under a restructuring charge of about $63 million fee, the majority of which will appear in the current fiscal year, which began July 1, 2008. Shares of Cardinal Health rose $1.11 to $51.75 in afternoon trading.

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