Articles from Owens & Minor, Inc. | MarketMinute
Owens & Minor Announces Upsize and Pricing of Senior Secured Notes Offering
Owens & Minor, Inc.
(NYSE:OMI)
(the “Company”) announced today the upsize and pricing of its private offering (the “Offering”) of $1 billion aggregate principal amount of its 10.000% senior secured notes due 2030 (the “Notes”). The Offering is expected to close on April 4, 2025, subject to customary closing conditions. The Notes will bear interest at the rate of 10.000% per year. The Notes will mature on April 15, 2030 (subject to certain earlier maturity triggers). The Notes were offered at a price of 100% of their principal amount.
Owens & Minor Announces Launch of Senior Secured Notes Offering
Owens & Minor, Inc.
(NYSE:OMI)
(the “Company”) announced today that it has launched a private offering (the “Offering”) of $600 million aggregate principal amount of senior secured notes due 2030 (the “Notes”), subject to customary and market conditions.
Owens & Minor, Inc.
(the “Company”) today announced selected preliminary financial results for the fourth quarter and year ended December 31, 2024 in advance of its upcoming earnings announcement and conference call. The release of the preliminary results relates to the Company’s commencement of financing activity related to its previously announced agreement to acquire Rotech Healthcare Holdings, Inc (“Rotech”).
Owens & Minor Reports Third Quarter 2024 Financial Results
Owens & Minor, Inc.
today reported financial results for the third quarter ended September 30, 2024.
Owens & Minor Announces Third Quarter 2024 Earnings Release Date and Conference Call
Owens & Minor, Inc.
plans to release financial results for the third quarter of 2024 on Monday, November 4, 2024, before trading begins on the New York Stock Exchange.
Owens & Minor Announces New Partnership with Google Cloud
Owens & Minor, Inc. today announced a new partnership with Google Cloud that combines Owens & Minor’s deep expertise in optimizing the healthcare supply chain with Google Cloud’s Vertex AI platform to help drive meaningful enhancements for QSight®, an industry-leading cloud-based clinical inventory management system from Owens & Minor. By partnering with Google Cloud, Owens & Minor will strengthen QSight’s existing inventory management capabilities while laying the foundation for future platform and service innovations with the potential to dramatically improve the QSight customer experience.
Owens & Minor Reports Second Quarter 2024 Financial Results
Owens & Minor, Inc.
today reported financial results for the second quarter ended June 30, 2024.
Owens & Minor, Inc.
today announced selected preliminary financial results for the quarter ended June 30, 2024 as noted in the table below. The Company also reaffirmed its outlook for the full year 2024 as noted below in advance of its second quarter 2024 earnings announcement and conference call.
Owens & Minor, Inc. (“Owens & Minor”)
, today announced that it has entered into a definitive agreement to acquire Rotech Healthcare Holdings, Inc. (“Rotech”), a privately held home based care business headquartered in Orlando, Florida, for $1.36 billion in cash. Given anticipated tax benefits of approximately $40 million from the transaction, the net purchase price is approximately $1.32 billion, which represents approximately a 6.3x multiple of LTM EBITDA, excluding synergies.
Owens & Minor Reports First Quarter 2024 Financial Results
Owens & Minor, Inc.
today reported financial results for the first quarter ended March 31, 2024.
Owens & Minor Announces First Quarter 2024 Earnings Release Date and Conference Call
Owens & Minor, Inc.
plans to release financial results for the first quarter of 2024 on Friday, May 3, 2024, before trading begins on the New York Stock Exchange.
Owens & Minor Reports Fourth Quarter and Full Year 2023 Financial Results
Owens & Minor, Inc.
today reported financial results for the fourth quarter and year ended December 31, 2023.
Owens & Minor Announces Fourth Quarter 2023 Earnings Release Date and Conference Call
Owens & Minor, Inc.
plans to release financial results for the fourth quarter of 2023 on Tuesday, February 20, 2024, before trading begins on the New York Stock Exchange.
Owens & Minor Launches Life Takes Care™
Owens & Minor, Inc.
has unveiled its new purpose, Life Takes Care. More than a motto or tagline, Life Takes Care captures the company’s unique approach to caring for both the business and the humanity at the heart of healthcare.
Owens & Minor Unveils Long-Term Strategy at Investor Day Today
Owens & Minor, Inc. (NYSE-OMI) (the “Company”), a global healthcare solutions company that provides healthcare products for home-based care, self-manufactured products, proprietary product portfolio, distribution services and innovative technology, will outline its strategy for delivering and expanding its profitability at its 2023 Investor Day event today in Boston. Details about the event, including instructions for the webcast, are provided below.
Owens & Minor Announces Upcoming Investor Day on December 6th
Owens & Minor, Inc.
(the “Company”) today announced that it will host an Investor Day for investors and research analysts on Wednesday, December 6th at Convene in Boston, Massachusetts. The event will feature presentations from members of the senior executive leadership team, who will share the Company’s strategic vision, operating and growth strategy, and multi-year financial targets.
Owens & Minor Reports Third Quarter 2023 Financial Results
Owens & Minor, Inc.
today reported financial results for the third quarter ended September 30, 2023.
Owens & Minor Announces Third Quarter 2023 Earnings Release Date and Conference Call
Owens & Minor, Inc.
plans to release financial results for the third quarter of 2023 on Friday, November 3, 2023, before trading begins on the New York Stock Exchange.
Owens & Minor Announces Third Quarter 2023 Earnings Release Date and Conference Call
Owens & Minor, Inc.
plans to release financial results for the third quarter of 2023 on Friday, November 3, 2023, before trading begins on the New York Stock Exchange.
The Owens & Minor Foundation Provides Update on ESG Initiatives and Teammate Engagement
The Owens & Minor Foundation today shared its achievements over the past year in delivering on its efforts to help build healthier communities.
Owens & Minor Reports Second Quarter 2023 Financial Results
Owens & Minor, Inc.
today reported financial results for the second quarter ended June 30, 2023.
Owens & Minor Announces Second Quarter 2023 Earnings Release Date and Conference Call
Owens & Minor, Inc.
plans to release financial results for the second quarter of 2023 on Friday, August 4, 2023, before trading begins on the New York Stock Exchange.
Owens & Minor to Participate in UBS Healthcare Services Conference on Tuesday, June 27, 2023
Owens & Minor, Inc.
, a global healthcare solutions company that incorporates product manufacturing, distribution support and innovative technology services, announced today that Ed Pesicka, the Company’s President and CEO, and Jonathan Leon, the Company’s SVP, Corporate Treasurer, will be hosting one-on-one meetings with investors at the UBS Healthcare Services Conference in Chatham, Massachusetts on Tuesday, June 27, 2023.
Owens & Minor Reports First Quarter 2023 Financial Results
Owens & Minor, Inc.
today reported financial results for the first quarter ended March 31, 2023.
Owens & Minor Announces First Quarter 2023 Earnings Release Date and Conference Call
Owens & Minor, Inc.
plans to release financial results for the first quarter of 2023 on Friday, May 5, 2023, before trading begins on the New York Stock Exchange.
Owens & Minor to Participate in Citi’s 2023 Healthcare Services, Medtech, Tools & HCIT Conference
Owens & Minor, Inc.
announced today that executive leadership will participate in a fireside chat at the upcoming Citi 2023 Healthcare Services, Medtech, Tools & HCIT Conference. The discussion will take place on Thursday, March 2 at 8:45 a.m. Eastern Time.
Owens & Minor Reports Fourth Quarter and Full Year 2022 Financial Results
Owens & Minor, Inc. (NYSE-OMI) today reported financial results for the fourth quarter and the year ended December 31, 2022, as summarized in the table below.
Owens & Minor Announces Fourth Quarter & Full Year 2022 Earnings Release Date and Conference Call
Owens & Minor, Inc.
plans to release financial results for the fourth quarter and full year of 2022 on Tuesday, February 28, 2023, before trading begins on the New York Stock Exchange.
Owens & Minor to Participate in the 5th Annual Evercore ISI HealthCONx Conference
Owens & Minor, Inc.
announced today that executive leadership will participate in a virtual fireside chat at the upcoming 5th Annual Evercore ISI HealthCONx Conference. The discussion will take place on Wednesday, November 30 at 1:00 p.m. Eastern Time.
Owens & Minor Reports Third Quarter 2022 Financial Results
Owens & Minor, Inc. (NYSE-OMI) today reported financial results for the third quarter ended September 30, 2022, as summarized in the table below.
The Owens & Minor Foundation today announced a donation of $100,000 to the National Association of Free and Charitable Clinics (NAFC), a non-profit organization dedicated to ensuring that the medically underserved have access to affordable quality healthcare. The donation was presented at NAFC’s annual Charitable Healthcare Symposium by Dan Starck, EVP and President of Patient Direct for Owens & Minor and CEO of Apria.
Owens & Minor Announces Executive Leadership Team Changes
Owens & Minor, Inc. (NYSE-OMI) today announced certain changes to its executive leadership team, including the appointment of Andrew G. Long as EVP, CEO, Products & Healthcare Services segment, replacing Jeffrey T. Jochims who will be leaving the Company. Long has served as the Company’s EVP and CFO since joining the Company in November 2019. In addition, Alexander J. Bruni has been promoted to EVP and CFO, replacing Long.
Owens & Minor Receives Two Vizient Supplier Awards
Owens & Minor, a leading global healthcare solutions company, has received two 2022 Supplier Awards from Vizient, Inc., the nation’s largest member-driven healthcare performance improvement company. In recognition of its exemplary performance and service, Owens & Minor received both the Medical/Surgical Supplier Excellence Award, and the Achieve Committed Program Excellence Award for its HALYARD* product brand. The recognitions were announced at the 2022 Vizient Connections Summit held Sept. 19-22.
Owens & Minor to Participate in the 2022 Baird Global Healthcare Conference
Owens & Minor, Inc.
announced today that executive management will present at the 2022 Baird Global Healthcare Conference on Tuesday, September 13 at 12:15 p.m. Eastern Daylight Time.
Allina Health and Owens & Minor Expand Partnership and Announce New Strategic Collaboration
Owens & Minor, Inc.
, a leading global healthcare solutions company, and Allina Health, a not-for-profit healthcare system dedicated to enhancing the health of individuals, families and communities throughout Minnesota and western Wisconsin, today announced their renewed partnership and a new strategic collaboration to create a unique integrated service model for supply chain resiliency.
Owens & Minor Reports Second Quarter 2022 Financial Results
Owens & Minor, Inc. (NYSE-OMI) today reported financial results for the second quarter ended June 30, 2022, as summarized in the table below.
Owens & Minor, Inc.
(NYSE:OMI)
, a leading global healthcare solutions company, today announced that David R. Myers, Vice President of National Accounts, Owens & Minor, has been elected to the Bellwether League Foundation’s Hall of Fame Class of 2022 for Healthcare Supply Chain Leadership to honor his outstanding accomplishments and contributions to the industry.
Owens & Minor Announces Second Quarter 2022 Earnings Release Date
Owens & Minor, Inc.
plans to release financial results for the second quarter of 2022 before market open on Wednesday, August 3, 2022. The Company will host a conference call and simultaneous webcast for investors at 8:00 a.m. ET on the same day to review its financial results.
Owens & Minor Elects Carissa Rollins to Board of Directors
Owens & Minor, Inc.
, a leading global healthcare solutions company, today announced that Carissa Rollins, Chief Information Officer (CIO) at Illumina, Inc., has been elected to its Board of Directors, effective July 12, 2022.
Owens & Minor Wins Seventh Premier GPO Supplier Legacy Award
Owens & Minor, Inc.
, a leading global healthcare solutions company, today announced that it recently received the 2022 Supplier Legacy Award from Premier Inc. The award recognizes Owens & Minor’s long-standing history of consistently supporting Premier network members. Owens & Minor leadership was in attendance at Premier’s annual Breakthrough Awards, June 21—23, to receive the award.
Owens & Minor Breaks Ground on Center of Excellence for Medical Supply Logistics in West Virginia
Owens & Minor, Inc.
, a leading global healthcare solutions company, today broke ground in Morgantown, West Virginia, on the future site of a center of excellence for medical supplies and logistics. Once construction is completed in late 2023, the 350,000 square foot center will be one of the state’s largest dedicated acute care medical distribution facilities and will include clinical supply capabilities for surgical kitting, custom procedure tray assembly and sterilization. Owens & Minor was joined for the groundbreaking by its local partner, West Virginia University Health System, which operates under the brand name WVU Medicine.
Owens & Minor Names Tammy Gomez EVP and Chief Human Resources Officer
Owens & Minor, Inc.
, a leading global healthcare solutions company, today announced the appointment of Tammy Gomez as Executive Vice President & Chief Human Resources Officer, effective July 11, 2022. Gomez will report to Owens & Minor’s President and Chief Executive Officer, Edward A. Pesicka, and be a member of the company’s executive leadership team.
Owens & Minor Elects Rita Johnson-Mills and Terri Kline to Board of Directors
Owens & Minor, Inc.
, a leading global healthcare solutions company, today announced that Rita Johnson-Mills and Terri Kline have been elected to its Board of Directors, effective June 1, 2022.
Owens & Minor to Participate in the UBS Global Healthcare Conference 2022 Monday, May 23, 2022
Owens & Minor, Inc.
announced today that executive management will present at the UBS Global Healthcare Conference on Monday, May 23rd at 11:30 AM ET.
Owens & Minor to Participate in the BofA Securities 2022 Healthcare Conference Tuesday, May 10, 2022
Owens & Minor, Inc.
announced today that Ed Pesicka, President & Chief Executive Officer, and Andy Long, Executive Vice President & Chief Financial Officer, will participate in a fireside chat at the BofA Securities 2022 Healthcare Conference on Tuesday, May 10th at 10:00 AM PT.
Owens & Minor Reports First Quarter 2022 Financial Results
Owens & Minor, Inc. (NYSE-OMI) today reported financial results for the first quarter ended March 31, 2022, as summarized in the table below.
Owens & Minor will Report First Quarter 2022 Financial Results on Tuesday, May 3, 2022
Owens & Minor, Inc.
plans to release financial results for the first quarter of 2022 after market close on Tuesday, May 3, 2022. The Company will host a conference call for investors at 4:30 p.m. ET to review its financial results.
Owens & Minor, Inc. Completes Acquisition of Apria, Inc.
Owens & Minor, Inc.
, a leading global healthcare solutions company, today announced that it has closed the previously announced acquisition of Apria, Inc. The acquisition was consummated for total consideration in cash of approximately $1.6 billion. The purchase was funded with a combination of debt and cash on hand.
Owens & Minor Announces Upsize and Pricing of $600 Million of Senior Notes Due 2030
Owens & Minor, Inc.
(NYSE:OMI)
(the “Company”) announced today the upsize and pricing of its private offering (the “Offering”) of $600 million aggregate principal amount of its 6.625% senior notes due 2030 (the “Notes”), representing an increase of $100 million aggregate principal amount from the previously announced offering size. The Offering is expected to close on March 29, 2022, subject to customary closing conditions. The Notes will bear interest at the rate of 6.625% per year. The Notes will mature on March 31, 2030. The Notes were offered at a price of 100% of their principal amount.
Owens & Minor Announces Launch of Senior Notes Offering
Owens & Minor, Inc.
(NYSE:OMI)
(the “Company”) announced today that it has launched a private offering (the “Offering”) of $500 million aggregate principal amount of senior notes due 2030 (the “Notes”), subject to customary and market conditions.
Owens & Minor Donates Essential Medical Supplies to Ukraine
Owens & Minor
, a leading global healthcare solutions company, today announced a donation of medical-grade personal protective equipment (PPE) including exam gloves, masks, and isolation gowns to support medical care in humanitarian relief efforts in Ukraine. The total value of the donation is approximately $500,000.
Owens & Minor Selects Kenny Gardner to Join Board of Directors
Owens & Minor, Inc.
, a leading global healthcare solutions company, today announced the selection of Kenny Gardner, Chief People Officer at DaVita, Inc., to its Board of Directors effective March 1, 2022.
Owens & Minor Reports Fourth Quarter and Full Year 2021 Financial Results
Owens & Minor, Inc. (NYSE-OMI) today reported financial results for the fourth quarter and the year ended December 31, 2021, as summarized in the table below.
Owens & Minor to Present at the Citi 2022 Virtual Healthcare Conference Thursday, February 24, 2022
Owens & Minor, Inc.
announced today that the company will participate in Citi’s 2022 Virtual Healthcare Conference on February 24, 2022.
Owens & Minor Celebrates 140 Years of Healthcare Service
Owens & Minor, Inc. today marks the 140th year of its official founding, which occurred on Jan. 18, 1882, in downtown Richmond, Va. Now a Fortune 500 company with more than 15,000 teammates around the world, the company has navigated periods of growth and strategic progress while forging lasting partnerships with the customers, communities, and teammates that have fueled its success.
Owens & Minor, Inc. Signs Definitive Agreement to Acquire Apria, Inc.
Owens & Minor, Inc. (“Owens & Minor”)
and Apria, Inc. (“Apria”) (Nasdaq: APR) today announced that the companies have entered into a definitive agreement pursuant to which Owens & Minor will acquire Apria for $37.50 in cash per share of common stock, representing an equity value of approximately $1.45 billion.
Owens & Minor Foundation Reports Achievements of First Six Months, Looks Ahead to 2022
Owens & Minor, Inc. today shared progress on the activities of the Owens & Minor Foundation to date. Launched in June 2021, the Owens & Minor Foundation is dedicated to impacting and empowering communities through three primary areas of focus: Healthcare, Environment, and Diversity and Inclusion (D&I).
Owens & Minor Announces Winners of 2021 Earl G. Reubel Awards
Owens & Minor, Inc. announced winners for the 2021 Earl G. Reubel Awards during its tenth annual ceremony held yesterday. Launched in 2012 by Owens & Minor in collaboration with Kerma Medical Products, Inc., and the Healthcare Supplier Diversity Alliance (HSDA), the annual Earl G. Reubel Awards honor individuals and organizations that are leaders in diversity and inclusion within the healthcare supply industry. This year’s awardees were recognized during the Healthcare Supplier Diversity Alliance (HSDA) Conference held virtually on December 16.
Owens & Minor, a global healthcare solutions company that incorporates product manufacturing, distribution support and innovative technology services, today announced that two members of its board of directors, Aster Angagaw and retired U.S. Army Lieutenant General Gwendolyn Bingham, have earned inclusion in Savoy Magazine’s list of 2021 Most Influential Black Corporate Directors. The listing, typically released every five years, revealed the latest distinction on Oct. 27, in the magazine’s fall edition.
Owens & Minor Reports 3rd Quarter Financial Results
Owens & Minor, Inc. (NYSE-OMI) today reported financial results for the third quarter of 2021, as summarized in the table below.
Owens & Minor Declares 4th Quarter 2021 Dividend
Owens & Minor, Inc.
today announced that its Board of Directors have approved a fourth quarter 2021 dividend payment of $0.0025 per share, payable on December 31, 2021, to shareholders of record as of December 15, 2021.
Owens & Minor to Present at the Baird 2021 Global Healthcare Conference
Owens & Minor, Inc.
announced today that the company will participate in Baird’s 2021 Global Healthcare Conference on September 14, 2021.
Owens & Minor today announced a new online emergency tracker as part of its comprehensive emergency preparedness and response offerings. Owens & Minor piloted the new feature in early July to support customers in their advance preparations as Tropical Storm Elsa gained strength in Florida and up the east coast. Now, with Tropical Storm Fred causing rain and flooding in the Florida panhandle, and Tropical Depression Grace threatening the Atlantic, the tracker is once again live to serve customers who may be impacted. The emergency preparedness tracker features a scrolling alert that includes up-to-date storm information and impacts as well as additional content detailing Owens & Minor’s preparedness and response plans enacted to support healthcare customers.
Owens & Minor Opens Call for Nominations for the Tenth Annual Earl G. Reubel Awards
Owens & Minor, Inc.
(NYSE:OMI)
today announced a call for nominations for the Earl G. Reubel Awards, which recognize individuals and organizations that demonstrate excellence in diversity within the healthcare supply chain. The Earl G. Reubel Awards will be presented during the annual Healthcare Supplier Diversity Alliance (HSDA) Conference, to take place virtually September 14, 2021. Categories include Civic Leadership, Large Corporate Leadership, and Diversity Enterprise.
Owens & Minor Pursues Sustainable Solutions for Healthcare Through Electric Truck Pilot
Owens & Minor announced today a new pilot program that uses an electric semi-truck to deliver large-scale medical products and PPE to hospitals in Southern California. In collaboration with Penske Logistics and Penske Truck Leasing, the seven-month pilot program launched in the second quarter. Through the pilot, Owens & Minor has deployed heavy-duty battery electric Freightliner eCascadia from Daimler Trucks North America. The initiative builds upon Owens & Minor’s ongoing commitment to increasing sustainability across operations as outlined in its recently published 2020 Environmental Social Governance Report.
Owens & Minor Releases Inaugural Environmental, Social, and Governance Report
Owens & Minor, Inc. (NYSE-OMI) today published its inaugural Environmental, Social, and Governance (ESG) Report. The report outlines the Company’s ESG focus and contributions and provides visibility into the performance metrics and achievements that support the Company’s ESG focus.
Owens & Minor Receives Prestigious Supplier Awards in Recognition of Pandemic Response
Owens & Minor, Inc. (NYSE-OMI) has been honored for its exemplary efforts supporting continuity of essential healthcare supplies during the pandemic with the receipt of two awards: the 2021 Supplier Legacy Award and the COVID-19 Award for Most Supportive Supplier.
Owens & Minor, Inc. (NYSE-OMI) today announced the launch of the Owens & Minor Foundation, which is committed to building healthier communities through engagement and financial support of trusted charitable and civic organizations. The three primary areas of focus are Healthcare, Environment, and Diversity and Inclusion (D&I).
