Continued from page 1

The Dublin, Ohio, company said the DEA is not planning to take further actions against other Cardinal Health facilities.

The DEA said the Cardinal Health distribution center and two Orlando-area CVS Caremark Corp. pharmacies were distributing amounts of the oxycodone that were far in excess of legitimate medical needs. Oxycodone is a powerful painkiller and the active ingredient in drugs like Percocet and OxyContin.

The DEA ordered the facilities shut down in February. Cardinal Health went to court to stop the move, but in March a federal appeals court allowed the DEA’s suspension to proceed.

The agency cited the same Cardinal Health facility for failing to prevent illegal distribution of pharmaceuticals in 2008. The company paid $34 million to resolve claims that it did not tell the DEA about suspicious orders for hydrocodone, the main ingredient in painkillers like Vicodin.

Shares of Cardinal Health lost 47 cents to $42.29 in afternoon trading.

PRIVATE EQUITY

Carlyle Group 1Q net income falls, revenue dips

The Carlyle Group LP, which went public earlier this month, said Tuesday that its first-quarter net income fell 30 percent as expenses climbed and revenue fell.

The private equity firm earned $629.2 million for the three months ended March 31, down from $896.2 million, a year earlier.

Pro forma net income for the current period was $299 million, or 93 cents per unit, which takes into account changes related to Carlyle’s initial public offering.

Carlyle raised $671 million from its IPO of 30.5 million units, before underwriter commissions and other expenses. The IPO priced at $22, below the range of $23 and $25 given by Carlyle in a filing with the Securities & Exchange Commission.

The company first filed plans to go public in September, a rocky time in the market when many companies with planned offerings were delaying them. But the market’s appetite for IPOs has improved since then.

Total quarterly expenses rose to $477.2 million from $360.7 million, while assets under management increased to $159.2 billion from $107.5 billion.

• From wire dispatches and staff reports