![]() This seamless value chain integrates with a portfolio of products representing 1,200 branded suppliers. A vertically-integrated, predominantly Americas-based footprint enables Owens & Minor to reliably supply its self-manufactured surgical and PPE products. Aligned to its Mission of Empowering Our Customers to Advance Healthcare TM, more than 15,000 global teammates serve over 4,000 healthcare industry customers. is a global healthcare solutions company that incorporates product manufacturing, distribution support and innovative technology services to deliver significant and sustained value across the breadth of the industry – from acute care to patients in their home. Learn more about how Owens & Minor empowers customers to advance healthcare at About Owens & Minor Apria’s legal advisor is Simpson Thacher & Bartlett LLP. acted as financial advisor to Apria in connection with the acquisition. LLC acted as the lead financial advisor and Citigroup Global Markets Inc. Owens & Minor’s legal advisor is Kirkland & Ellis LLP. Morgan Securities LLC acted as financial advisor to Owens & Minor in connection with this acquisition. The company will release a historical recast of 2021, by quarter, ahead of reporting first quarter 2022 earnings.Įvercore acted as the lead financial advisor and J.P. Patient Direct will be a combination of Byram and Apria, while Products & Healthcare Services will be a combination of the global products, medical distribution and services businesses. The two legacy segments will be replaced with two new segments: Patient Direct and Products & Healthcare Services. "We welcome our newest teammates from Apria and look forward to continued success in our Mission of Empowering Our Customers to Advance Healthcare."īeginning in the first quarter of 2022, Owens & Minor will change its reporting structure to reflect the company’s go-to-market approach. "Owens & Minor continues to build momentum in the healthcare industry, expanding our Americas-based PPE and surgical product manufacturing and now accelerating our leadership position in home healthcare," added Pesicka. Starck, Executive Vice President, President-Patient Direct, Owens & Minor. #Owens minor full#"We look forward to unleashing the full potential of our teammates in the new Patient Direct segment to achieve even better clinical connectivity between the patient, the provider and the payor," said Daniel J. Starck, who has served as Chief Executive Officer for Apria since 2015, has joined Owens & Minor and will lead the new Patient Direct segment. The company will leverage its existing market reach and expertise in the hospital setting to create a more efficient, single-source home healthcare delivery and distribution model to support patients as their care transitions from the hospital into the home.ĭaniel J. It also expands Owens & Minor’s home healthcare portfolio to cover an unmatched range of chronic and acute care needs including diabetes, ostomy, incontinence, wound care, home respiratory, obstructive sleep apnea and negative pressure wound therapy. This new segment creates a robust commercial team with greater access to patients across a wider geographic footprint. This portfolio expansion strengthens Owens & Minor’s position in the fast-growing home health industry and enhances our ability to support healthcare beyond the hospital for both new and existing patients."Īpria will be combined with Owens & Minor’s existing Byram Healthcare business to form the new Patient Direct segment. "Apria is a perfect complement to our Byram business. Pesicka, President and Chief Executive Officer, Owens & Minor. "We are excited to finalize the acquisition and for Apria to become part of Owens & Minor," commented Edward A. One of the broadest portfolios of complementary products to service patients with chronic and non-chronic conditionsĪn expanded product delivery and distribution model The transaction combines the strength of Owens & Minor’s existing Byram Healthcare business with Apria to create an enhanced experience for the patient, provider and payor. ![]()
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