Tag: Owens & Minor

ALEXANDRIA, Va. – The National Home Infusion Association and several allied organizations have asked the U.S. Food and Drug Administration and state regulatory agencies to investigate unregulated, direct access infusion businesses that provide individuals with intravenous solutions absent the recommendation of a licensed prescriber.   These businesses, they say, treat hangovers, exercise recovery and elevation sickness, which can usually be resolved with oral medications or through...

RICHMOND, Va. – Owens & Minor on Jan. 18 marked 140 years in business.   Founded by Otho O. Owens and George Gilmer Minor, II, as a pharmaceutical wholesale and retail company, the Owens & Minor Drug Company operated on Main Street in downtown Richmond, setting its sights on the untapped market share of rural and small-town pharmacists who needed supplies. Today, it is a global Fortune 500 company with 15,000 employees.  "Today we celebrate all that Owens & Minor has accomplished...

RICHMOND, Va., and INDIANAPOLIS – The combination of Byram Healthcare and Apria will create a platform for Owens & Minor to expand in the fast-growing home health care market, says Edward Pesicka, its president and CEO.  Byram’s portfolio is comprised of diabetes, ostomy, incontinence and wound care supplies, while Apria’s is comprised of home respiratory, sleep apnea, negative pressure wound therapy and traditional HME products.  “That creates an opportunity...

Well, 2022 is certainly starting off with a bang. The first rumblings that big things are going to happen this year was an announcement on Jan. 6 by Stryker that it plans to acquire Vocera Communications. This does not have a direct impact on the HME industry, per se, but it does speak to large players in mostly the acute care space getting more serious about extending their reach beyond hospitals. Stryker said Vocera brings a portfolio of products to address “the increasing need for...

RICHMOND, Va., and INDIANAPOLIS – Owens & Minor, which owns Byram Healthcare, says it will buy Apria for $37.50 in cash per share of common stock, representing an equity value of about $1.45 billion.  This price per share represents a 26% and 24% premium over Apria’s closing share price on January 7, 2022, and 30-day volume weighted average price, respectively.  “The combination of two complementary businesses in Byram Healthcare and Apria will enable us to better...

RICHMOND, Va. - Owens & Minor, a global healthcare services company providing supply chain services to healthcare providers and manufacturers, has agreed to pay about $380 million for Byram Healthcare, it announced May 2.The White Plains N.Y.-based Byram is a leading supplier of home medical supplies, including ostomy, wound care, urology, diabetes and incontinence supplies.“Expanding across the continuum of care is a strategic imperative for us,” said P. Cody Phipps, president and CEO...

RICHMOND, Va. - Owens & Minor, a global healthcare services company providing supply chain services to healthcare providers and manufacturers, has agreed to pay about $380 million for Byram Healthcare, it announced May 2.The White Plains N.Y.-based Byram is a leading supplier of home medical supplies, including ostomy, wound care, urology, diabetes and incontinence supplies.“Expanding across the continuum of care is a strategic imperative for us,” said P. Cody Phipps, president and CEO...