Owens & Minor
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About Owens & Minor
Industries
Consulting
Healthcare
Company Size
10,001+
Company Stage
IPO
Total Funding
N/A
Headquarters
Mechanicsville, Iowa
Founded
1882
Overview
Simplify's Take
What believers are saying
- Acquisition of Rotech aligns with the trend towards home-based healthcare solutions.
- New Henrico headquarters could enhance productivity and employee satisfaction.
- Investment by Janney Montgomery Scott LLC shows confidence in Owens & Minor's strategy.
What critics are saying
- Rotech acquisition's $1.36 billion cost could strain financial resources if synergies fail.
- Lawsuit against Anthem may lead to legal expenses and financial liabilities.
- Investigation for securities violations could result in reputational damage and penalties.
What makes Owens & Minor unique
- Owens & Minor focuses on home-based care, acquiring Rotech for $1.36 billion.
- The company is relocating its headquarters to Henrico for operational efficiency.
- Owens & Minor leverages digital transformation in healthcare logistics for optimized operations.
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Funding
Total Funding
$0
Below
Industry Average
Funded Over
1 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Employee Stock Purchase Plan
Tuition Reimbursement
Company News
Owens & Minor Inc., a health care logistics company, filed a complaint against Anthem Blue Cross and Blue Shield on Monday, claiming that the third-party administrator refused to provide necessary claims data and overpaid certain claims on behalf of the plan sponsor, resulting in unnecessary costs.
Owens & Minor has promoted Jonathan Leon to executive vice president, chief financial officer (CFO), effective immediately.
Janney Montgomery Scott LLC invests $358,000 in Owens & Minor, Inc. (NYSE:OMI).
Under the terms of the agreement, which was unanimously approved by the Board of Directors of each company, Owens & Minor will acquire Rotech for $1.36 billion in an all-cash transaction.
Owens & Minor (NYSE: OMI) has signed a definitive agreement to acquire Rotech Healthcare Holdings for $1.36 billion in cash, with a net purchase price of approximately $1.32 billion after tax benefits. Rotech generated about $750 million in revenue with an EBITDA margin of nearly 30% in 2023. The acquisition aligns with Owens & Minor's strategy to expand in home-based care. The deal is expected to close by the end of 2024 and achieve $50 million in synergies by year three.
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About Owens & Minor
Industries
Consulting
Healthcare
Company Size
10,001+
Company Stage
IPO
Total Funding
N/A
Headquarters
Mechanicsville, Iowa
Founded
1882
Owens & Minor is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today