The Association for Health Care Resource & Materials Management (AHRMM) will host its 2020 health care supply chain conference virtually this year. Join to hear from industry experts about successfully navigating supply chain challenges throughout unprecedented circumstances. Owens & Minor leaders will participate in the following Learning Pavilions:
Wednesday, September 30
· Over-Indexing and Overspending: Getting Protection Right. Health care decision-makers understand the need to provide clinicians with appropriate protection in multiple scenarios. But, confusion over PPE ratings and guidelines–and the proliferation of “me too” products can result in clinical disruption and overspending in one of the hospital’s largest purchase categories.
Presenter: Joe Hannibal, Marketing Director, Halyard Surgical Solutions for Owens & Minor
Wednesday, October 7
· Beyond the Barcode: Patient Safety. There is no doubt that the safety and wellbeing of patients is the #1 priority for clinicians, but it’s also true for supply chain and inventory management professionals in health care. Managing inventory appropriately is critical to the success of patient care.
HIDA’s 2020 COVID-19 Supply Chain Virtual Summit takes place on Tuesday, September 22, and Wednesday, September 23, focusing on how the industry continues to adjust to COVID-19.
On September 23 at 11 a.m. EDT, Owens & Minor President & CEO Ed Pesicka will participate in the CEO Perspectives: Leadership And Culture In A Global Health Crisis General Session.
Ed and other CEOs from the distribution industry will share their thoughts on the qualities of leadership and culture that have helped their teams during these unprecedented times. The panel will include a discussion about leading remotely, maintaining foundational values, and executing on a clear vision in an ever-changing environment.
Attend this virtual session to hear exclusive insight from Ed and other distribution leaders.
Following HIDA’s Virtual Supply Chain Summit, the organization will host several virtual leadership sessions. On Thursday, September 24, Vicky Lyle, Owens & Minor’s VP of Industry Associations, will participate in the Professional Women in Healthcare Leadership Session: A Candid Conversation About Equality In The Workplace from 10-11 a.m. EDT.
Attend this interactive workshop to hear from Vicky and a diverse panel of leaders from the healthcare industry on the lessons they’ve learned about their own unconscious stereotypes and how they’re building strong, diverse teams.
The panelists will share perspectives on creating a fair and safe work culture, recognizing and dealing with unconscious biases, empowering employees, and more.
Owens & Minor is proud to honor Vicky Lyle, VP, Industry Associations, who in January 2021 was named Chair of Professional Women in Healthcare (PWH®). Vicky is also the sponsor of Owens & Minor’s Teammate Resource Group for women, which works to provide space resources, and support for women across the organization.
The January issue of the PWH Connect newsletter features a message from Vicky about her priorities for the organization in the coming year, which includes a focus on inclusivity. She writes: “My vision for PWH® this year is focused on connection and understanding. Now more than ever, it’s essential that we build an inclusive industry that’s equally led by women so that we can collectively work together to drive innovation and excellence in healthcare.”
Click here to access the publication and read the full message from Vicky.
Owens & Minor extends heartfelt condolences to the family and friends of Henry Berling, who passed away on February 9, 2021.
Henry began his career with Owens & Minor in 1966, and played a pivotal role as the Company expanded its services and capabilities. In his 40 years with the Company, he earned a reputation for his commitment to integrity and ingenuity.
“Henry’s remarkable contributions to this Company are present in the way we’re continuing to provide innovative solutions for our healthcare customers in an ever-changing industry,” said Ed Pesicka, President & CEO, Owens & Minor. “I’m proud to continue his open-door approach to leadership and customer service.”
Owens & Minor’s Chairman Emeritus and former CEO, Gil Minor, also offered his respects. “I met Henry in 1965. The occasion turned out to be historic. Henry’s father and my father sat down and signed papers that merged Owens & Minor with A&J Surgical Supply, the Berling’s family company. This marked a new beginning of our modern-day company. No one contributed more to our success than Henry. I loved the guy, the industry loved Henry, our customers loved Henry and our teammates loved Henry. He and I spent many hours on the road calling on customers and suppliers where Henry was so respected. Words aren’t adequate to describe what Henry meant to O&M, and what O&M meant to him.
“Some characteristics of Henry were his integrity, his loyalty, his work ethic, his wisdom and his always bright vision of the future. To anyone who knew him, he was an individual who you would want to follow into battle, and he would always be there, leading, for his company, for his family, for his customers, for his teammates and always respecting our competition. Farewell dear friend, you will live in our hearts forever.”
Richmond Magazine recently showcased Owens & Minor as a Fortune 500 company with deep roots in Richmond playing a key role in fighting COVID-19. The article covers Owens & Minor’s history in the region as well as its rapid response to the pandemic.
President & CEO Ed Pesicka is quoted about the Company’s continued commitment to supporting customers in an evolving industry landscape:
“As the needs of the health care industry continue to evolve, Owens & Minor knows that supply chain resiliency and continuity of supply is critical to our customers,” Pesicka said in an email statement. “Owens & Minor’s Americas-based manufacturing enables us to provide this increased resiliency as we continue to ramp up our PPE production.”
Click here to read the full piece from Richmond Magazine.
This month, Virginia Business Magazine launched its inaugural publication THE BIG BOOK, the magazine’s “compendium of who’s who, who’s big and who’s influencing the economy of the commonwealth.” Owens & Minor President & CEO Ed Pesicka was highlighted as one of the most influential Virginians.
Virginia Business Magazine specifically noted Pesicka’s leadership throughout the COVID-19 pandemic as Owens & Minor rapidly accelerated production of critical Personal Protective Equipment. Click here to read the full feature.
Owens & Minor has 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).
“We’re incredibly excited to announce this extension of Owens & Minor’s longstanding commitment to supporting and improving the communities in which we operate through the Owens & Minor Foundation,” said Edward A. Pesicka, President and CEO of Owens & Minor. “At Owens & Minor, we continuously seek ways to serve our humble Mission of Empowering Our Customers to Advance Healthcare, and our efforts are guided by our IDEAL Values of integrity, development, excellence, accountability and listening. Our new Foundation furthers the long-time commitment of Owens & Minor, which for decades has been a champion of supporting small, diverse and minority-owned businesses in the healthcare industry. Through the O&M Foundation, we will proactively support broader healthcare availability to all communities, the promotion of D&I opportunities, and the protection of the environment.”
The Owens & Minor Foundation is dedicated to impacting and empowering communities through:
Advancing healthcare access in all communities and supporting opportunities for people to lead healthier lives;
Long-established operational sustainability initiatives that help improve the overall health of the environment;
Building a diverse and inclusive culture that includes an open space where teammates learn with and from one another; and,
Increasing support of supplier diversity initiatives, an area in which Owens & Minor has a proven track record of success and recognition in healthcare.
The Foundation will pursue its endeavors through grants, charitable contributions, volunteer activities, and donations, and is supported by an initial endowment of $10 million.
“The Foundation will allow Owens & Minor to reinforce and prioritize its support of important initiatives in the communities in which it operates,” stated Shana Neal, EVP, and Chief Human Resources Officer at Owens & Minor and President of the Foundation. “The creation and funding of the Foundation will build on the strong legacy of service on which Owens & Minor has established itself and will provide a solid grounding for continued support long into the future.”
In accordance with the adjusted timing of the annual Healthcare Supplier Diversity Alliance (HSDA) Conference, now taking place virtually December 16, 2021, Owens & Minor announced today that nominations for the Earl G. Reubel Awards will be accepted through November 26, 2021. Award categories include Civic Leadership, Large Corporate Leadership, and Diversity Enterprise.
For each category, consideration will be given to individuals and organizations that represent diverse and underrepresented populations and that demonstrate entrepreneurship, civic engagement, or professional service leadership and that actively impact healthcare delivery or community wellness.
The Earl G. Reubel Awards, established by Owens & Minor in 2012, are named in honor of the late Earl G. Reubel, the entrepreneur who founded Kerma Medical Products and shaped it into one of the largest veteran-, minority-owned medical supply companies in the country. Based in Suffolk, Va., the family-owned Kerma Medical Products has earned state and national accolades in the healthcare and business community and has been one of Owens & Minor’s largest minority suppliers for 30 years.
“In a time of progress across the healthcare industry, Owens & Minor’s commitment to diversity remains unwavering,” said President & CEO Ed Pesicka. “We are proud to continue to recognize and elevate the companies and individuals that also aspire to Earl G. Reubel’s legacy of excellence in healthcare supplier diversity.”
Learn more about Owens & Minor’s commitment to supplier diversity and use this link to submit nominations for the Earl G. Reubel Awards by no later than November 26, 2021.
Valuing talent, tenacity and trailblazing to advance healthcare
Owens & Minor 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.
Their selection places Gen. Bingham and Angagaw in the prestigious company of Black directors serving on the boards of public companies and highlights Owens & Minor’s commitment to bring diversity of perspective to its organization.
“We join Savoy in celebrating Gwen and Aster’s latest distinction and appreciate these leaders’ voices. Their wealth of experience helps Owens & Minor deliver now and into the future on our Mission of Empowering Our Customers to Advance Healthcare,” said Mark Beck, chairman of the board of directors for Owens & Minor.
Bingham, a retired three-star U.S. Army Lieutenant General, brings a broad range of executive experience in strategic leadership and planning, as well as talent and resource management. She most recently served as Department of the Army Assistant Chief of Staff for Installation Management, where she provided policy, programs, and resourcing expertise for installation infrastructure and services for 156 Army installations worldwide. She lends stewardship on the board’s Compensation and Benefits Committee, the Executive Committee and the Governance and Nominating Committee.
Angagaw has a strong track record in transformational growth with extensive experience leading diverse global teams. Most recently, she served as President of ServiceMaster Brands, until its acquisition in October 2020. Prior to that, she spent 18 years at Sodexo, where she held a variety of leadership positions, including Senior Vice President, Global Head of Sales and Business Development, Healthcare, and Group Vice President, Global Transformation, before being named Chief Executive Officer, Healthcare North America division in 2016. She currently serves on the board’s Governance and Nominating Committee.
“Gwen and Aster have lived and led through incredible organizational transformations. We recognize their innate ability and talent, and value their contributions to the Owens & Minor Board of Directors and our business,” said Ed Pesicka, President and CEO of Owens & Minor.
The full 2021 Most Influential Black Corporate Directors listing can be accessed online exclusively at www.savoynetwork.com/, where the issue is also available for purchase.
Owens & Minor made 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 teammates, recognizing the urgency of the need in Ukraine, coordinated across multiple distribution centers, including Chicago, Pittsburgh and Philadelphia, to fast-track packaging and shipping. These efforts made it possible to expedite the transfer of more than 30 pallets of PPE—the equivalent of two full truckloads of products—for delivery and distribution in Ukraine and other impacted countries via a global non-profit partner.
“Owens & Minor is proud to support the hard work of healthcare providers in and around Ukraine who are working in extraordinary and tragic circumstances to provide patient care,” said Jeff Jochims, EVP, Chief Operating Officer and President, Products and Healthcare Services, Owens & Minor. “This is just one more example of how the drive and passion of our teammates helps us deliver on our unyielding commitment to support healthcare whenever and wherever it’s needed most.”
The donation was made through a collaboration with MedShare, a humanitarian aid organization that directly sources and delivers available medical supplies and equipment to communities in need around the world. MedShare is currently mobilizing a special effort to provide aid to Ukraine.
“MedShare is focused on providing immediate relief and support to the Ukrainian people in response to the international health crisis unfolding before our eyes. Our long-standing partnership with Owens & Minor allows us to act fast and meet these critical needs in Ukraine and surrounding areas,” commented Charles Redding, CEO and President of MedShare. “We’re grateful for Owens & Minor’s generous support as we work to help Ukraine in this rapidly shifting crisis.”
Today we have 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.
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. The combined entity will create:
One of the broadest portfolios of complementary products to service patients with chronic and non-chronic conditions
An expanded product delivery and distribution model
“We are excited to finalize the acquisition and for Apria to become part of Owens & Minor,” commented Edward A. Pesicka, President and Chief Executive Officer, Owens & Minor. “Apria is a perfect complement to our Byram business. 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.”
Apria will be combined with Owens & Minor’s existing Byram Healthcare business to form the new Patient Direct segment. This new segment creates a robust commercial team with greater access to patients across a wider geographic footprint. 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. 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.
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.
“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, Executive Vice President, President-Patient Direct, Owens & Minor.
“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. “We welcome our newest teammates from Apria and look forward to continued success in our Mission of Empowering Our Customers to Advance Healthcare.”
Beginning in the first quarter of 2022, Owens & Minor will change its reporting structure to reflect the company’s go-to-market approach. The two legacy segments will be replaced with two new segments: Patient Direct and Products & Healthcare Services. 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 company will release a historical recast of 2021, by quarter, ahead of reporting first quarter 2022 earnings.
Evercore acted as the lead financial advisor and J.P. Morgan Securities LLC acted as financial advisor to Owens & Minor in connection with this acquisition. Owens & Minor’s legal advisor is Kirkland & Ellis LLP.
Goldman Sachs & Co. LLC acted as the lead financial advisor and Citigroup Global Markets Inc. acted as financial advisor to Apria in connection with the acquisition. Apria’s legal advisor is Simpson Thacher & Bartlett LLP.