Tag: Byram Healthcare

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...

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...

WASHINGTON – AAHomecare has a new corporate partner level with five inaugural members.  The companies supporting the association and its public policy work at the Legacy level are Apria and Byram Healthcare, both owned by Owens & Minor; ResMed and Brightree, which is owned by ResMed; and Medline. They are all now paying $125,000 in annual dues.  “We see great value in AAHomecare and the industry associations,” said Dan Starck, executive vice president at OM, who...

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...

RICHMOND, Va. – The fast growth of Owens & Minor’s patient direct platform, which posted 25% revenue growth during the first quarter of 2022, is an indicator of the company’s strength in the home health market, company officials said during a recent earnings call.  And officials expect to see that double-digit growth rate continue for the platform, which is comprised of Byram Healthcare and the newly acquired Apria Healthcare.  “It's a $50 billion market...

YARMOUTH, Maine – Owens & Minor’s anticipated acquisition of Apria Healthcare, announced earlier this month, follows the playbook of a deal generating synergies between buyer and “buyee,” but the companies have their work cut out for them, says Dexter Braff, president of the Braff Group.  “You’ve got two mammoth organization trying to find a way to work with one another to optimize these and leverage those opportunities,” he said. “It’s...

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...

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...

WHITE PLAINS, N.Y. - Breast pumps allow women to return to work while still nursing, but many don't know they have rights to make that transition easier. That's something Byram Healthcare wants to change, says CEO Perry Bernocchi.“It's part of Byram's social responsibility to educate new moms that this is a benefit to them,” said Bernocchi. “We also wanted to develop working tools that they can bring to their employer if their employer is unaware.”Byram, whichsells about 15,000...