Tag: Owens & Minor

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...

RICHMOND, Va. – Owens & Minor reported net revenues of nearly $273 million for its patient direct segment for the first quarter of 2022, a 25.7% increase compared to the same period last year, boosted by its acquisition of Apria Healthcare, which it finalized March 29.  Excluding Apria, revenue for the patient direct segment increased 20.7%, marking Byram's strongest quarter of growth in the past two years.  "The first quarter of 2022 marked an important milestone –...

CLEVELAND – Medical Service Company has acquired Ascension St. Vincent’s Medical Equipment, a full-service DME provider located in Evansville, Ind.  “As part of this exciting acquisition, MSC has expanded its partnership with Ascension from Central Indiana now down to Evansville,” the company stated in an announcement. “We are also thrilled to welcome the new team members joining the MSC family. We look forward to offering our industry-leading chronic care solutions...

RICHMOND, Va. – Owens & Minor has launched a private offering of $500 million aggregate principal amount of senior notes due 2030 subject to customary and market conditions.  The company plans to use the net proceeds of the offering, together with cash on hand and proceeds from expected borrowings under one or more new term loans, to finance its acquisition of Apria Healthcare and other transactions contemplated by the agreement, as well as to repay Apria debt and related fees...

RICHMOND, Va. – Owens & Minor has donated $500,000 worth of medical-grade personal protective equipment, including exam gloves, masks and isolation gowns, to support humanitarian relief efforts in Ukraine. The company’s staff coordinated across multiple distribution centers, including Chicago, Pittsburgh and Philadelphia, to fast-track packaging and shipping, making it possible to expedite the transfer of more than 30 pallets of PPE – the equivalent of two full truckloads –...

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...

ALEXANDRIA, Va. – The National Home Infusion Association and several allied organizations have asked the U.S. Food and Drug Administration and state regulatory agencies to investigate unregulated, direct access infusion businesses that provide individuals with intravenous solutions absent the recommendation of a licensed prescriber.   These businesses, they say, treat hangovers, exercise recovery and elevation sickness, which can usually be resolved with oral medications or through...

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...

Well, 2022 is certainly starting off with a bang. The first rumblings that big things are going to happen this year was an announcement on Jan. 6 by Stryker that it plans to acquire Vocera Communications. This does not have a direct impact on the HME industry, per se, but it does speak to large players in mostly the acute care space getting more serious about extending their reach beyond hospitals. Stryker said Vocera brings a portfolio of products to address “the increasing need for...