Owens and Minor Sells Segment for $375M, Focuses on Patient Direct

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Recorded11 Nov 2025

Publisherfeeds.acast.com ↗

Handlerec:2197236

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Owens and Minor, a healthcare logistics provider, has sold its Products and Healthcare Services segment to Platinum Equity, aiming to focus on its more profitable Patient Direct business. This move comes after a significant drop in the companys stock value, from nearly $50 in 2016 to under $250 million today. The sale is expected to bring in $375 million in cash, which will be used to reduce debt and improve financial health.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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