Richmond, BA-based Owens & Minor, Inc., a worldwide healthcare options distributor, introduced that it has reached a deal for the sale of its Merchandise & Healthcare Companies (P&HS) section to Platinum Fairness.
In an Oct. 7 information launch, the corporate said it’s increasing within the home-based care area. Owens & Minor will obtain a money cost of $375 million at closing of the sale, topic to customary changes for working capital, web debt and transaction bills and effectively as different issues. Full transaction particulars might be discovered within the press launch.
“Immediately’s announcement represents one other vital step ahead within the strategic transformation of Owens & Minor into a number one, pure-play, home-based care platform,” Owens & Minor President CEO Edward Pesicka stated within the launch. “With the definitive settlement in place for Merchandise & Healthcare Companies, we’ll stay laser-focused on remodeling the Firm right into a pure-play ,home-based care enterprise that can drive much more worth for our Affected person Direct stakeholders.”
Platinum Fairness has invested in quite a few healthcare and provide chain companies over the previous decade and has 30 years of expertise buying and working world companies which were a part of giant company entities.
“Owens & Minor has performed an important function in supporting healthcare suppliers and sufferers throughout the nation, and we’re proud to spend money on the way forward for P&HS,” Platinum Fairness Co-President Jacob Kotzubei added. “ With the assist of Platinum’s operational sources, we’re dedicated to additional enhancing P&HS’s world capabilities to ship important services and products when and the place its clients want.”
