Tag: Owens & Minor
Executive changes: Owens & Minor, Inogen
April 22, 2024HME News Staff
RICHMOND, Va. – Owens & Minor has announced that Dan Starck, executive vice president of business excellence, has informed the company that he is retiring on May 17, 2024.
Richmond, Va.-based OM made the announcement in a Form 8-K filed with the U.S. Securities and Exchange Commission on April 16.
Starck became part of OM’s executive leadership team when the company acquired Apria Healthcare in 2022 for about $1.45 billion, expanding its Patient Direct business unit.
In...
Owens & Minor bullish on ‘growth engine’
February 23, 2024Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor executives say they will use the company’s Patient Direct business to underpin a five-year strategic plan as the segment continues to outpace the market.
Owens & Minor in December unveiled its Vision 2028 plan, which identified critical components for long term success: accelerating growth in areas of the business with high potential, optimizing businesses to drive stronger long-term profitability, and leveraging its strong balance sheet by investing...
Owens & Minor’s Patient Direct posts 8% increase
February 20, 2024HME News Staff
RICHMOND, Va. – Owens & Minor reported fourth quarter revenue of $664 million for its Patient Direct segment, up 8% compared to the fourth quarter of 2022.
Consolidated revenue was $2.7 billion, an increase of 4%, year-over-year.
“We once again delivered on our commitments and had a strong finish to 2023, demonstrated by our top-line growth across both business segments, robust profit growth and exceptional operating cash flow which allowed us to further strengthen our...
Owens & Minor unveils purpose
December 7, 2023HME News Staff
RICHMOND, Va. – Owens & Minor has unveiled a new statement of purpose, “Life Takes Care,” to capture the company’s approach to caring for both the business and the humanity at the heart of health care.
This statement of purpose applies to all of Owens & Minor’s global business: the Products & Healthcare Services and Patient Direct business segments, as well as its affiliated brands, Apria, Byram and Halyard.
“Owens & Minor has always been driven...
Owens & Minor, Hope for the Warriors form partnership
November 15, 2023HME News Staff
RICHMOND, Va. – The Owens & Minor and Hope for the Warriors (HOPE) have announced a new collaboration to help support HOPE’s clientele of U.S. service members, veterans and military families and to provide ongoing engagement opportunities for Owens & Minor teammates. The partnership will be spearheaded by the Owens & Minor Veterans Teammate Resource Group, through which active and former U.S. military service members advocate for veterans and veterans’ causes on behalf of teammates...
OM highlights diabetes, downplays weight loss drugs
November 8, 2023Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor officials are excited about the future of the Patient Direct segment after posting double-digit growth for the diabetes and sleep categories in the third quarter.
The segment, which reported revenue of $648 million in the quarter, now makes up about 25% of overall revenue.
“(Diabetes and sleep) continue to be extremely strong for us,” said Edward Pesicka, president and CEO, during a recent earnings call. “And you think about...
Owens & Minor’s Patient Direct segment ‘outperforms’
November 3, 2023HME News Staff
RICHMOND, Va. – Owens & Minor reported third quarter revenue of $648 million for its Patient Direct segment, up 9.1% compared to the same period in 2022.
Overall, the company reported consolidated revenue of $2.59 billion, an increase of 3.8%.
“Our performance in the third quarter is another strong indication that our business strategy and execution are working, and that we are beginning to realize the benefits of the Operating Model Realignment Program,” said...
In brief: Sunrise Medical buys, OM integrates, ResMed accelerates
October 4, 2023HME News Staff
FRESNO, Calif. – Sunrise Medical has acquired Ride Designs, significantly expanding the company’s custom seating offerings, clinical expertise and service capabilities.
Denver-based Ride Designs, which was founded in 1998 by Tom Hetzel and Joe Bieganek, has built a name for itself for designing and delivering highly specialized seating systems for wheelchairs using the most up-to-date technologies, including 3D printing.
“By joining forces with Ride Designs,...
Avera Health, OM to open Integrated Service Center
October 2, 2023HME News Staff
SIOUX FALLS, S.D. – Avera Health, an integrated health system based here, is partnering with Owens & Minor on plans for a 330,000-square-foot commercial building for supply distribution and other services.
The new Integrated Service Center will consolidate eight different locations.
“Serving over 72,000 square miles for our health system comes with logistical complexities, redundancies and challenges,” said Sara Henderson, vice president for supply chain at Avera...
OM sees ‘power’ in Byram, Apria brands
August 9, 2023Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor execs say they remain “bullish” on the company’s Patient Direct segment, which has posted double-digit growth for four consecutive quarters, but the home respiratory category, specifically, isn’t where they’d like to see it.
Patient Direct’s revenue for the second quarter of 2023 was $633 million, up 10.5% over the same period in 2022.
“It is clear that the powerful brands of Byram and Apria are working...