Tag: Edward Pesicka
Accendra Health sees 3% YOY growth, embarks on ‘next chapter’
February 20, 2026HME News Staff
RICHMOND, Va. – Accendra Health reported revenue of $709 million for the fourth quarter ended Dec. 31, 2025.
For the full year 2025, it reported $2.8 billion, representing 3% growth vs. prior year. Results, unless otherwise noted, reflect the company’s Patient Direct business, said executives.
The company ended the fourth quarter with the completion of the sale of its Products & Healthcare Services (P&HS) business on Dec. 31, 2025, to Platinum Equity for $375 million, and began...
Owens & Minor rebrands to sharpen focus on home-based care
October 31, 2025Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor is rebranding to reflect its strategic focus on the Patient Direct business, according to Edward Pesicka, the company’s president, CEO and director. The move follows the company’s October announcement of a definitive agreement to sell its Products & Healthcare Services (P&HS) segment to Platinum Equity for $375 million in cash.
“As I think about the future, following the divestiture of Products & Healthcare...
Owens & Minor reports Q3 results as it moves forward with Patient Direct
October 30, 2025HME News Staff
RICHMOND, Va. – Owens & Minor reported revenue of $697.3 million for the third quarter of 2025, compared to $686.8 million for the prior year quarter.
Adjusted EDITDA was $92.2 million, compared to $107.7 million the prior year.
The results represent the company’s continuing operations, which primarily represent what was previously the Patient Direct segment and certain functional operations.
Owens & Minor announced in October it had signed...
Owens & Minor refocuses on Patient Direct
August 15, 2025Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor is focused on paying down debt and rethinking how it builds momentum in its “pure-play” Patient Direct business, says CEO Edward Pesicka.
Owens & Minor plans to use 100% of the net proceeds from the sale of its Products & Healthcare Services business to pay down debt, which currently stands at $1.9 billion. That’s an increase of $126 million, including $100 million in outlays to Rotech Healthcare in the wake of its failed merger deal,...
Owens & Minor’s outlook remains ‘bullish’
May 8, 2025HME News Staff
RICHMOND, Va. – Owens & Minor posted total revenue of just over $2.6 billion for the first quarter 2025, roughly flat to the same quarter in 2024.
Of that, Patient Direct accounted for $674 million in the first quarter of 2025 vs $638 million for the same period last year. Adjusted EBITDA for Patient Direct was nearly $98 million.
“Across the business we continued to see strong execution and progress toward our near and long-term strategies,” said Edward...
Owens & Minor explores sales of Products & Healthcare Services division
February 28, 2025HME News Staff
RICHMOND, Va.– Owens & Minor is looking to sell off its Products & Healthcare Services business, while it remains “bullish” on its Patient Direct business.
The company made the announcement today, as part of its fourth quarter and full-year 2024 earnings results.
“Our commitment to directing capital toward the higher growth and higher margin Patient Direct segment has been increasingly evident in recent years and is consistent with our strategy,” said...