Tag: Owens & Minor
Owens & Minor, Rotech cancel merger
June 5, 2025HME News Staff
RICHMOND, Va. – Owens & Minor and Rotech Healthcare have mutually agreed to terminate their previously announced acquisition.
Under the terms of the merger agreement, Owens & Minor has paid $80 million to Rotech Healthcare.
“For many months, our teammates, along with the Rotech team, have worked tirelessly in cooperation with the Federal Trade Commission to close this transaction, and while we believe there would have been ample benefits to patients, payers...
Sleep, diabetes ‘lead the way’ at Owens & Minor
May 9, 2025Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor delivered on almost all expectations for the first quarter of 2025, with the Patient Direct segment performing “exceedingly well,” say company executives.
Patient Direct revenue was $674 million for the first quarter of 2025, a 6% increase compared to the same period last year. On a same-day basis, revenue increased 7.3% year over year, said CEO Edward Pesicka, during a recent call to discuss the company’s earnings.
“The...
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...
In brief: Owens & Minor invests in DT, Samsung partners with Stanford, Alabama fights PBMs
April 11, 2025HME News Staff
RICHMOND, Va. – Owens & Minor expects to achieve greater efficiencies for its Products & Healthcare Services business and improved customer service with new investments in technology, automation and analytics.
Initial roll out will focus on two new Owens & Minor distribution centers in West Virginia and South Dakota.
“Over the past two years, our P&HS teammates have worked creatively and diligently to identify areas where technology investments, operational upgrades...
Owens & Minor expects investments to pay off for P&HS
April 10, 2025HME News Staff
RICHMOND, Va. – Owens & Minor says it expects to achieve significant milestones with its investments in technology, automation and analytics, including greater efficiencies for its Products & Healthcare Services business and improved customer service.
Initial roll out will focus on two new Owens & Minor distribution centers in West Virginia and South Dakota.
“Over the past two years, our P&HS teammates have worked creatively and diligently to identify areas where technology...
In brief: Stakeholders push back, Owens & Minor upsizes offering, Merits expands
April 4, 2025HME News Staff
WASHINGTON – AAHomecare, the Council for Quality Respiratory Care and VGM are raising concerns with CMS and lawmakers about the access issues and the negative health outcomes that could result from a recent draft proposal for noninvasive positive pressure ventilation.
CMS on March 11 released a proposed decision in response to the request to reconsider NCD 280.1 to establish coverage policies for the use of noninvasive home mechanical ventilators and respiratory assist devices for...
Owens & Minor upsizes offering to $1B
April 3, 2025HME News Staff
RICHMOND, Va. – Owens & Minor has upsized its recently announced private offering to from $600 million to $1 billion aggregate principal amount of senior secured notes. The notes will bear interest at the rate of 10% per year and will mature April 15, 20230. The proceeds will be used to finance its acquisition of Rotech Healthcare, along with cash on hand and expected borrowings under a new senior secured incremental term loan B facility. Proceeds will also be used for other transactions contemplated...
In brief: Aetna pauses CPAP change, FDA warns Dexcom, Owens & Minor launches offering
March 28, 2025HME News Staff
WASHINGTON – Aetna has put a proposed change on hold for review after AAHomecare asked the insurer to reconsider using certain adherence codes that can only be billed by clinicians not DME providers.
The proposed change, announced in January, stated: “Beginning April 1, 2025, we’ll no longer reimburse the CPAP device or the supplies unless adherence to positive airway pressure therapy is documented using adherence codes G8851, G8854 and G8855 on the claim.”
“On...
In brief: Owens & Minor explores P&HS sale, Grassley challenges UHC, CCS details burnout
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...
Byram Healthcare launches digital health program
February 11, 2025HME News Staff
RICHMOND, Va. – Byram Healthcare, part of the Owens & Minor family, has launched ByramConnect, a personalized digital health program for people with Type 1 and Type 2 diabetes that’s powered by the Welldoc app.
The program, using the Welldoc app’s artificial intelligence capabilities, analyzes member data across six dimensions of health to help optimize outcomes, providing actionable insights and reports that can be shared with providers and care teams.
“Chronic...