Tag: Byram Healthcare

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...

WHITE PLAINS, N.Y. - Fewer than one in five working moms who breastfeed know their rights in the workplace, according to a survey commissioned by Byram Healthcare. Wakefield Research, which conducted the survey, polled 1,000 working moms in the U.S. with children ages two and under who are breastfeeding or recently breastfed. More than half of working moms (52%) said they didn't know they are legally entitled to a room to pump or express milk for a full year after giving birth. They said they were...

WHITE PLAINS, N.Y. - From its start as Byram Surgical on the banks of Connecticut's Byram River, to its recent, multistate contract with Kaiser Permanente, Byram Healthcare has continued to evolve with the healthcare market, says CEO Perry Bernocchi.The provider, which marks its 50th anniversary this year, is a leading supplier of home medical supplies, including ostomy, wound care, urology, diabetes and incontinence supplies, and breast pumps.“There is a continual migration of the patient...

SAN FRANCISCO - Add the Pacific Research Institute to the long list of economists and researchers who believe CMS's current competitive bidding program for HME is inefficient at best and dangerous at worst.PRI's study, “Reforming CMS' Competitive Bidding Process to Improve Quality and Sustainability,” borrows on the work of Peter Cramton, an economist and outspoken critic of the program, and research firms like Dobson DaVanzo & Associates.“Medicare patients are receiving lower quality...