Tag: patient direct

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...

RICHMOND, Va. – Owens & Minor execs say they are “thrilled” with the growth of the company’s Patient Direct segment, led by Apria and Byram Healthcare, which continues to outpace the market.  Revenues for the segment grew by 10.4% on a year-over-year basis, and nearly all of its major product categories saw double-digit growth, said President and CEO Edward Pesicka on a call to discuss the company’s first quarter earnings for 2023.  “This rapid...

RICHMOND, Va. – Owens & Minor’s Patient Direct business saw double-digit organic growth across all categories in the third quarter, say company execs.   The Patient Direct segment includes sleep, diabetes, urology, ostomy, and continence and wound care products and supplies.  “The synergies we are generating within our Patient Direct business are tracking ahead of expectations,” said Alex Bruni, executive vice president and CFO, during a recent call to discuss...

RICHMOND, Va. – Owens & Minor reported revenue of $594 million for its Patient Direct segment, a 142% increase.   “I am very pleased with the performance and operational execution throughout all aspects of the Patient Direct Segment, including the capture of increased CPAP opportunities, and overachievement of acquisition synergies,” said Edward Pesicka, president and CEO. “This exceptional performance was supported by deep adoption of the Owens & Minor Business...

RICHMOND, Va. – Above-market growth in its Byram Healthcare business contributed to a strong quarter for Owens & Minor’s Patient Direct division, company execs said on a recent earnings call.  Byram saw double-digit growth across all major product categories in its portfolio of disposable medical supplies, say execs.  “Our Patient Direct business is consistent and strong, driving recurring revenue as it focuses on serving patients with chronic lifelong conditions...