Tag: Ed Pesicka
Owens & Minor: ‘We’re not waiting’
March 3, 2023Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor has kicked off an ambitious, companywide program to “right size” the business in the face of new market conditions, said company execs on a call to discuss its fourth quarter and full year 2022 earnings.
The move is expected to drive $30 million of adjusted operating income in 2023 and provide between $250 million and $400 million of working capital benefits by 2025, said Edward Pesicka, president and CEO.
“Look, we're not...
OM’s Patient Direct business ‘tracking ahead of expectations’
November 4, 2022Theresa Flaherty, Managing Editor
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...