Tag: Owens & Minor
Owens & Minor, Hope for the Warriors form partnership
November 15, 2023HME News Staff
RICHMOND, Va. – The Owens & Minor and Hope for the Warriors (HOPE) have announced a new collaboration to help support HOPE’s clientele of U.S. service members, veterans and military families and to provide ongoing engagement opportunities for Owens & Minor teammates. The partnership will be spearheaded by the Owens & Minor Veterans Teammate Resource Group, through which active and former U.S. military service members advocate for veterans and veterans’ causes on behalf of teammates...
OM highlights diabetes, downplays weight loss drugs
November 8, 2023Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor officials are excited about the future of the Patient Direct segment after posting double-digit growth for the diabetes and sleep categories in the third quarter.
The segment, which reported revenue of $648 million in the quarter, now makes up about 25% of overall revenue.
“(Diabetes and sleep) continue to be extremely strong for us,” said Edward Pesicka, president and CEO, during a recent earnings call. “And you think about...
Owens & Minor’s Patient Direct segment ‘outperforms’
November 3, 2023HME News Staff
RICHMOND, Va. – Owens & Minor reported third quarter revenue of $648 million for its Patient Direct segment, up 9.1% compared to the same period in 2022.
Overall, the company reported consolidated revenue of $2.59 billion, an increase of 3.8%.
“Our performance in the third quarter is another strong indication that our business strategy and execution are working, and that we are beginning to realize the benefits of the Operating Model Realignment Program,” said...
In brief: Sunrise Medical buys, OM integrates, ResMed accelerates
October 4, 2023HME News Staff
FRESNO, Calif. – Sunrise Medical has acquired Ride Designs, significantly expanding the company’s custom seating offerings, clinical expertise and service capabilities.
Denver-based Ride Designs, which was founded in 1998 by Tom Hetzel and Joe Bieganek, has built a name for itself for designing and delivering highly specialized seating systems for wheelchairs using the most up-to-date technologies, including 3D printing.
“By joining forces with Ride Designs,...
Avera Health, OM to open Integrated Service Center
October 2, 2023HME News Staff
SIOUX FALLS, S.D. – Avera Health, an integrated health system based here, is partnering with Owens & Minor on plans for a 330,000-square-foot commercial building for supply distribution and other services.
The new Integrated Service Center will consolidate eight different locations.
“Serving over 72,000 square miles for our health system comes with logistical complexities, redundancies and challenges,” said Sara Henderson, vice president for supply chain at Avera...
OM sees ‘power’ in Byram, Apria brands
August 9, 2023Theresa Flaherty, Managing Editor
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...
In brief: GAO denies protest, OM reports growth, Numotion launches website
August 4, 2023HME News Staff
WASHINGTON – The Government Accountability Office has denied a protest by B&B Medical Services of six contracts for in-home oxygen and ventilator services awarded by the Department of Veterans Affairs to Apria Healthcare.
B&B argued that the VA’s solicitation did not properly reflect its requirements, the agency failed to consider a corporate transaction relevant to its evaluation of the awardee's responsibility and technical capability, Apria misrepresented the availability...
OM’s Patient Direct segment continues to boost biz
August 4, 2023HME News Staff
RICHMOND, Va. – Owens & Minor reported consolidated revenue of $2.56 billion in the second quarter of 2023, an increase of 2.5% compared to the second quarter of 2022.
Of that, the company’s Patient Direct division had revenue of $633 million, up 10.5%.
“The second quarter of 2023 shows a continuation of our Patient Direct segment’s exceptional performance, with another quarter of double-digit growth and strength across the major categories that we serve,”...
Owens & Minor stays on path for rapid growth
May 12, 2023Theresa Flaherty, Managing Editor
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...
OM Patient Direct segment continues double-digit growth
May 5, 2023HME News Staff
RICHMOND, Va. – Owens & Minor reported consolidated revenue of $2.5 billion for the first quarter ended March 31, 2023. Of that, Patient Direct revenue was $607 million, up 10.4% compared to the first quarter of 2022 on a pro forma basis. “Our Patient Direct segment continues to outperform the market and once again was a significant driver of our year-over-year top-line growth and margin expansion during the quarter,” said Edward Pesicka, president and CEO. “As we outlined...