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.

Presented by Premier Inc., a leading healthcare improvement and technology company, the awards recognize Owens & Minor’s innovation, industry fellowship, and leadership during the global crisis.

“Owens & Minor has been an incredible partner to Premier and our members, collaborating to source hard-to-procure materials throughout the pandemic,” said David A. Hargraves, Senior Vice President of Supply Chain at Premier. “Their proactive nature and responsiveness to member requests were both notable and deeply valued, and we remain grateful for their team’s ongoing collaboration.”

Owens & Minor took swift action during the earliest days of the pandemic, implementing robust safety protocols and ramping up Americas-based manufacturing to help maintain supply resiliency in the midst of extraordinary circumstances. As the needs of healthcare providers continue to evolve, Owens & Minor remains focused on supply resilience and driving ongoing efficiency for its healthcare customers.

“Throughout each phase of the industry’s collective COVID-19 response, Owens & Minor’s top priority was serving our Mission of Empowering Our Customers to Advance HealthcareTM,” said Edward A. Pesicka, President & CEO, Owens & Minor. “We’re extremely honored to be recognized by a trusted partner like Premier for our contributions and look forward to continuing to serve the healthcare community with outstanding service and innovative solutions for an ever-changing industry landscape.”

For media related questions, contact Heather Sabharwal

For investor relations questions, contact Chandrika Nigam

Owens & Minor 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.

“Our business is committed to all aspects of ESG – from fostering a work environment that encourages teammates of all backgrounds to thrive and advance, to supporting sustainability-based offerings,” said Edward A. Pesicka, President and Chief Executive Officer of Owens & Minor. “This commitment allows us to further our Mission of Empowering Our Customers to Advance HealthcareTM, and recognizes our role as a global healthcare solutions leader that operates responsibly in everything we do.”

The ESG report benchmarks Owens & Minor’s ESG activities by applying universally recognized and respected ESG frameworks, including the Global Reporting Initiative and the Sustainability Accounting Standards Board. The report also summarizes Owens & Minor’s ESG governance and accountability structure and defines four ESG focus areas:

  • Empowering teammates – fostering a safe, supportive, and inclusive workplace
  • Caring for customers and communities – ensuring reliable and easily accessible delivery of supplies to all communities and facilitating volunteer and fundraising opportunities for teammates
  • Operating responsibly – thoughtfully manufacturing and sourcing products, acting with integrity, and instituting sound governance practices
  • Ensuring environmental stewardship – objectively measuring O&M’s impact on the environment

These four focus areas underscore the commitment among Owens & Minor’s executive team and all teammates to demonstrate and exemplify the organization’s IDEAL Values – Integrity, Development, Excellence, Accountability, and Listening. The focus areas are further underscored through the activities of the recently launched Owens & Minor Foundation. Announced June 7, 2021, the Owens & Minor Foundation is committed to building healthier communities through engagement and financial support of trusted charitable and civic organizations.

Owens & Minor has earned recognition among the environmental community for its commitment to ESG initiatives. Awards outlined in the report include the Level 5 Green Industry Award, the highest environmental award given by the Thailand Ministry of Industries, for reducing energy and steam by 25%. In addition, Owens & Minor earned the U.S. Environmental Protection Agency SmartWay Excellence Award for environmental and economic performance, and the Brandon Hall Group Gold Award, which recognizes organizations that have successfully deployed human capital management programs.

“Owens & Minor is committed to further developing and implementing ESG strategies to drive long-term value,” said Pesicka. “From design to delivery, O&M is committed to growing our business aligned to our IDEAL Values – which are incorporated into the purpose and ambitions of every undertaking and ultimately benefit our customers, teammates, communities, investors, and the world.”

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.

“Every day, Owens & Minor’s core Mission is Empowering Our Customers to Advance Healthcare. In doing so, we maintain a focus on protecting and supporting the communities where people live and work,” said Jeff Jochims, Executive Vice President, Chief Operating Officer, and President, Medical Distribution at Owens & Minor. “We believe sustainability remains foundational to our Mission. By launching this electric vehicle pilot program for large-scale delivery to hospitals, we are pushing the envelope of what can be done to support healthcare while helping to facilitate a safer and healthier environment.”

The electric Freightliner eCascadia runs five days per week along a 152-mile total route making stops at five hospital locations throughout Southern California.

“It was an easy decision to launch this pilot program with our longstanding partner Owens & Minor, because we know the critical role that medical distribution plays in our country’s healthcare supply chain,” said Marc Althen, Penske Logistics President. “The integration into the fleet operations for Owens & Minor was seamless. We’re excited to extend our track record of safety, training, and positive driver experience with this new electric vehicle technology.”

In 2018, Penske Truck Leasing and Daimler Trucks North America announced a partnership to test commercial electric trucks from their Freightliner brand in real-world situations and drive future improvements to the technology. The venture is supported by the South Coast Air Quality Management District (South Coast AQMD), whose $16.8 million grant helped fund the program. South Coast AQMD focuses on improving air quality in large portions of Los Angeles, Orange County, Riverside, and San Bernardino counties, including the Coachella Valley.

For media related questions, contact Heather Sabharwal

Owens & Minor is accepting 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.

“As a founding partner of the Earl G. Reubel Awards, Owens & Minor is privileged to associate and collaborate with our diverse network of trusted suppliers and offer the recognition they deserve,” said Edward A. Pesicka, President and CEO of Owens & Minor. “The pursuit of excellence and the tenacious endeavors of the Healthcare Supplier Diversity Alliance members and subscribers help drive progress, productivity, and performance across manufacturers, distributors, historically underutilized businesses, group purchasing organizations, and healthcare providers.”

Nominations for the Earl G. Reubel Awards will close at 6:00 p.m. EDT on August 27, 2021, with two finalists for each of the three categories to be announced the week of September 6, 2021. The Awards ceremony will take place from 4:30 – 5:30 p.m. EDT on September 14, 2021, with brief tributes and recognitions from Pesicka and Joe Reubel, President and CEO of Kerma Medical Products, during the program. For each award 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 are actively engaged in impacting healthcare delivery and/or community wellness.

“In 1996, Kerma Medical was Owens & Minor’s first in the mentor/protégé program, seizing the opportunity to lead the charge of promoting supplier diversity in the healthcare industry,” said Joe Reubel, President and CEO of Kerma Medical Products. “The mutual growth that has been realized over the years is a result of O&M’s steadfast support and dedication to the cause and we are so pleased to recognize others in that same spirit, through the Earl G. Reubel Awards.”

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 many ways, Kerma Medical Products exemplifies Owens & Minor’s Mission of Empowering Our Customers to Advance Healthcare,” said Pesicka. “Our enduring partnership serves as a natural extension of the value and trust we instill among our customers. We look forward to recognizing the companies and individuals who also aspire to Earl G. Reubel’s example 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 August 27, 2021.

Owens & Minor recently 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.

The Richmond-based company has consistently made emergency readiness and response a point of pride, with the safety of frontline teammates a top priority that enables its ongoing ability to serve the healthcare community. Beyond its emergency response activities during hurricanes, floods, wildfires, and other natural disasters, Owens & Minor has protocols to navigate other uncertain or evolving situations. For example, in instances when customers experience cybersecurity threats at their location, Owens & Minor has protocols that facilitate medical supply orders outside the system so that product flow is not interrupted.

“What’s extraordinary about Owens & Minor is the level of preparation and resourcefulness we use for any contingency, no matter how uncertain or unpredictable,” said Jeff Jochims, EVP, Chief Operating Officer and President, Medical Distribution at Owens & Minor. “Many years ago, during Hurricane Katrina, our distribution team rented amphibious duck boats to navigate flooded roads and deliver products to our hospital customers. Throughout COVID-19, O&M teammates worked around the clock to manufacture and distribute critical supplies through multiple hurricanes that severely impacted large portions of the United States.”

The emergency tracker adds to Owens & Minor’s suite of proactive, customized, and actionable preparedness offerings that enhance customer response capabilities and help minimize disruptions. The tracker appears on Owens & Minor’s website on an as-needed basis to keep customers informed throughout rapidly changing situations.

“As a healthcare company, our emergency response and preparedness plans are foundational to our ability to deliver on our Mission of Empowering Our Customers to Advance Healthcare™,” said Jochims. “We believe that our thorough and advanced preparation empowers our ability to maintain business continuity and to serve our customers. This latest tool in our emergency protocol will bring valuable, timely updates to customers and members of the healthcare industry as we collectively focus on supporting patient care in every situation.”

To plan for healthcare supply contingencies and access breaking updates during potential emergency situations, visit our Emergency Response page.

Known for expertise in producing protective medical supplies and products, today Owens & Minor formally launched our new consumer brand, SAFESKIN*. The line is designed to keep users prepared no matter where tasks take them. SAFESKIN* Nitrile Gloves in POP-N-GO* packs are available in the SAFESKIN* Amazon store and offer task-focused, high quality protection.

Unlike traditional paperboard glove dispensers that are larger and less durable, the POP-N-GO* pack is uniquely designed for convenience, with a lid that’s easy to open, snaps closed, and dispenses one glove at a time. The innovative packs are lightweight, flexible, and compact enough to discreetly fit in a purse, glove compartment, or toolbox to help consumers always be prepared. SAFESKIN* Nitrile Gloves offer a choice of three levels of task-focused protection: light, medium, or heavy-duty and are color-coded to aid in selecting the right gloves for the job.

With nitrile gloves specifically designed for light, medium and heavy-duty tasks, SAFESKIN* POP-N-GO* packs from Owens & Minor can help you stay prepared for most any task, anywhere.

SAFESKIN* POP-N-GO* packs deliver protection that people can trust, at home or on the go,” said Alex Hodges, Vice President of Marketing & Global Strategy for the Global Products business unit at Owens & Minor. “We know consumers have a variety of things to consider when it comes to taking on everyday challenges or tackling new projects. We want to make it easy for users to feel prepared and designed this product with that convenience in mind.”

Now more than ever, consumers are looking for reliable protection from germs, chemicals, dirt, and messes everywhere. The utilization of medical gloves substantially increased over the last year and a half, according to a June 2021 trade briefing from the U.S. International Trade Commission, as demand for gloves grew among the general public and new industries began using medical gloves for daily activities.

“It’s helpful to keep gloves handy for things like performing first aid, food preparation, painting and crafting, car maintenance, or even just protecting hands from household chemicals and cleaners,” said Hodges. “SAFESKIN* POP-N-GO* packs offer convenient protection so you can take on most anything that comes your way.”

Learn more about SAFESKIN* Nitrile Gloves in POP-N-GO* packs and how they provide convenient, task-focused protection by visiting the Amazon store at https://amzn.to/2W0yEAV.

The West Virginia University Health System, which operates under the brand name WVU Medicine, today announced a new strategic partnership with Owens & Minor, Inc. (NYSE: OMI), a leading global healthcare solutions company.

“We are excited to join with a strategic partner like Owens & Minor to support our efforts to expand access to the best healthcare services available in West Virginia and the region,” said Albert L. Wright, Jr., President and CEO of the WVU Health System. “Throughout the past two years of the global COVID-19 pandemic, Owens & Minor has demonstrated itself to be a forward-thinking supplier that is uniquely capable of providing reliable access to the products that our incredible professionals require to do their work.”

As part of the newly announced partnership, Owens & Minor and WVU Medicine are working with the state of West Virginia on site selection for a new medical distribution and logistics facility for healthcare products preparedness and supply that will be managed by Owens & Minor. The facility is expected to create more than 100 new jobs within West Virginia when fully operational and will support hospitals throughout the WVU Medicine network.

“I sincerely thank Owens & Minor for choosing West Virginia and WVU Medicine for this monumental partnership,” said West Virginia Governor Jim Justice. “Nothing could be better than an American-based FORTUNE 500 company committing to opening up shop and creating jobs right here in West Virginia. The COVID-19 pandemic has taught us all that preparedness and resiliency are incredibly important, so this partnership is more than just another business deal, it will have real-world positive benefits for all West Virginians.”

As part of this long-term medical distribution partnership, WVU Medicine will also leverage Owens & Minor’s broad product offering, which includes its proprietary HALYARD* branded products complemented by a vast portfolio representing more than 1,200 manufacturers.

“We look forward to working with Gov. Justice and Owens & Minor to bring to reality a new healthcare supply center that can support our healthcare and preparedness needs now and long into the future,” added Wright. “As we continue to grow as a health system, it is critical to have the right strategic partner by our side,” said Wright. “Owens & Minor is synonymous with flexibility and reliability, and our teams are eager to work together on broad improvements to manage the complex healthcare supply chain. We appreciate Owens & Minor’s demonstrated commitment to manufacturing critical healthcare products within the Americas, which is an important element of reducing dependency on Asia-based manufacturing.”

Owens & Minor’s unique value chain offers a predominantly Americas-based manufacturing footprint, which was instrumental in ensuring supply chain resiliency in response to the global pandemic. Combined with its track record of delivering flexible solutions and exceptional customer service, Owens & Minor’s increasingly strong market position has also contributed to the company’s growth and momentum.

“We are honored to have the opportunity to be the long-term strategic partner for a world-class enterprise like WVU Medicine,” said Edward A. Pesicka, President and CEO of Owens & Minor. “As a manufacturer, distributor and integrated partner, Owens & Minor looks forward to unlocking the strength of our entire value chain, creating solutions that provide even greater impact for the WVU Medicine team and the communities they serve. The collaboration that has already started between Owens & Minor, WVU Medicine and the state of West Virginia is phenomenal. From Albert Wright to Gov. Justice’s office, the engagement that we’ve received has been incredible.”

Owens & Minor, Inc. today announced it has completed the acquisition of American Contract Systems (ACS), a Minnesota-based provider of kitting and sterilization services for Custom Procedure Tray (CPT) solutions. 

The close of today’s acquisition represents the first by Owens & Minor since the acquisition of Halyard Health in 2018. 

“Bringing into Owens & Minor the capabilities that American Contract Systems offers in the CPT market will further strengthen our ability to meet and exceed our customers’ collective needs for surgical procedure trays,” said Edward A. Pesicka, President and CEO of Owens & Minor. “Custom Procedure Trays represent a critical component of medical-surgical supplies. The ACS acquisition expands our existing U.S-based kitting operations, and advances our focus on local solutions and local support for Owens & Minor customers. We are also excited to build upon ACS’s unique local sterilization capabilities. Through its proprietary sterilization process, ACS is able to offer sterilization capabilities without the high-volume use of ethylene oxide that others use for sterilization, making it safer for our communities and our environment.”

“We are pleased to join forces with an industry leader such as Owens & Minor,” said ACS President and CEO David Thomson. “Our two companies have partnered for decades in using HALYARD*- branded products for customers’ CPT needs. This acquisition will enhance our combined abilities to serve customers with a stronger CPT offering.”

ACS offers a differentiated CPT solution that will complement existing CPT options within Owens & Minor. The company provides a proprietary, environmentally sound sterilization process to the CPTs that is easily deployed near the point-of-use. This unique sterilization solution, already deployed in facilities across the U.S., will be combined with Owens & Minor’s Americas-based footprint.  

“Empowering our customers to advance healthcare is in Owens & Minor’s DNA and is the driving force behind every decision we make,” Pesicka said. “We look forward to working with our new ACS Teammates in bringing highly innovative solutions to the healthcare industry.”

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.

Awards were distributed in three categories: Civic Leadership, Diverse Enterprise, and Large Corporation.

  • Deborah Williams received the Earl G. Reubel Civic Leader of the Year Award for her community advocacy work while serving as Senior Director of Supplier Diversity at Premier, Inc. Her dedication to supplier diversity recently earned her a finalist position from the National Minority Supplier Development Council (NMSDCHQ) Supplier Diversity Professional of the Year award.
  • SDVOSB Laboratory, which is short for Service Disabled, Veteran Owned, Small Businesses, received the Earl G. Reubel Diverse Enterprise of the Year Award in recognition of its differentiated service and commitment to opening the door for opportunities to create meaningful jobs for veterans and the disabled.
  • Premier, Inc. received the Earl G. Reubel Large Corporation of the Year Award for its culture of diversity and inclusion evident in the company’s revitalized Council on Diversity, Equity and Inclusion initiative, which now includes recruitment practices to increase diversity at the executive leadership level.

“Owens & Minor continually invests in supplier diversity and development as part of a commitment to supply chain excellence in service of our Mission of Empowering Our Customers to Advance Healthcare,” said Edward A. Pesicka, President and CEO of Owens & Minor, who presented the Awards during the HSDA Ceremony. “This year’s Earl G. Reubel Award winners exemplify the spirit of inclusion and innovation that will continue to propel the industry forward as together we serve the evolving needs of healthcare.”

The Earl G. Reubel Awards are named in honor of the late Earl G. Reubel, founder of Kerma Medical Products, one of the largest veteran-, minority-owned medical supply companies in the country, and Owens & Minor’s long-time supplier partner.

“We extend sincerest congratulations to each of this year’s winners and look forward to the difference each will continue to make in the future,” said Andrea Reubel-Walker, Director of Marketing and Key National Accounts for Kerma Medical Products, and Secretary of the Healthcare Supplier Diversity Alliance.

“Deborah Williams, SDVOSB, and Premier all play an essential role in addressing the complexities of healthcare supply,” continued Pesicka. “Owens & Minor is proud to celebrate their achievement and strengthen our combined dedication and efforts to drive progress across the healthcare supply chain.”

To learn more about the awards and to see past winners, click here.

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 is humbled to serve and support the communities where we live and work,” said Shana C. Neal, O&M’s EVP, Chief Human Resources Officer, and President of the Owens & Minor Foundation. “As a company with offices and facilities across the country, our 15,000 teammates are proud of the charitable work conducted by the many organizations to which the O&M Foundation has contributed this year.”

In 2021, and in accordance with its founding principles, the Owens & Minor Foundation provided financial support for the following organizations:

  • The Arc – Greater Williamsburg
  • Boys & Girls Clubs of Metro Atlanta
  • Dana Farber Cancer Hospital
  • The Doorways
  • Feeding America
  • Freestore Foodbank (Cincinnati)
  • Juvenile Diabetes Research Foundation
  • March of Dimes (Washington, D.C., Maryland and Virginia)
  • National Association of Free Charitable Clinics
  • Ronald McDonald House Charities
  • Special Olympics Michigan
  • Special Olympics Virginia
  • Jude Children’s Research Hospital
  • Tech For Troops (Virginia)
  • United Negro College Fund (UNCF-VA)
  • United Ostomy Association of America
  • Virginia State Foundation
  • Wounded Warrior Project
  • YMCA of Greater Richmond

In 2022, efforts will be shaped by a commitment to building healthier communities and focusing specifically on social determinants of health.

“We’re incredibly proud of all that we achieved during this first six months of operation,” said Neal. “At a time of year when many of us are pausing to reflect on milestones and express gratitude, I’m especially humbled by the efforts that Owens & Minor teammates continue to devote to the Foundation’s mission. I’m confident that our 2022 initiatives will continue to proactively support these worthwhile organizations and causes as we consistently deliver on our Mission of Empowering Our Customers to Advance Healthcare.”

Owens & Minor, Inc. 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.

This press release features multimedia. View the full release here.

“I’m very excited about the acquisition of Apria, which will strengthen our total company value proposition. The combination of two complementary businesses in Byram Healthcare and Apria will enable us to better serve the entire patient journey – through the hospital and into the home – ultimately furthering our mission of Empowering Our Customers to Advance Healthcare,” said Edward A. Pesicka, President & Chief Executive Officer of Owens & Minor. “In addition, this transaction diversifies our total company revenue stream by expanding our presence in the higher-growth home healthcare market.”

Pesicka added, “We are impressed by what Apria has built for its customers, and I look forward to welcoming Dan Starck and the Apria team to Owens & Minor upon close.”

“I am energized and enthusiastic to join Owens & Minor,” said Dan Starck, Chief Executive Officer of Apria. “Both companies share cultures fueled by a commitment to customers, patients, teammates and the communities we serve. We look forward to joining together and delivering the highest quality healthcare solutions to our customers.”

Strategic Rationale

  • Strengthens total company value proposition, enables us to better serve the entire patient journey and positions Owens & Minor as a leader in the home healthcare market. The transaction builds upon Owens & Minor’s strong capabilities in product manufacturing and healthcare services.
  • Accelerates growth and diversifies revenue base by expanding our presence in the higher-growth home healthcare market.
  • Accretive to revenue, adjusted EBITDA, adjusted earnings per share, and enhances our free cash flow generation, enabling Owens & Minor to rapidly deleverage while continuing to invest across the business.
  • Expands our Patient Direct platform with access to over 90 percent of insured healthcare customers in the U.S.
  • Broadens our Patient Direct product portfolio by combining our strength in diabetes, ostomy, incontinence, and wound care, with Apria’s product portfolio strength in home respiratory, obstructive sleep apnea, and negative pressure wound therapy. These product portfolios are complementary and do not overlap as many of these products are needed to treat the same and multiple chronic and acute conditions.
  • Increases the attractiveness to Payors, Providers, and Patients due to the broader product portfolio, combined with our scale, geographic footprint, and delivery model.
  • Creates a platform for future growth within this highly fragmented and growing space, with an approximate $50 billion total addressable market.
  • Enables the acceleration of support for our hospital customers seeking to expand into home healthcare delivery.

Transaction Details

Under the terms of the agreement, which was unanimously approved by the Board of Directors of each company, Owens & Minor will acquire Apria for $37.50 in cash per share of common stock, representing an equity value of approximately $1.45 billion, as well as the assumption of debt and cash for a total transaction value of approximately $1.6 billion.

This price per share represents a 26% and 24% premium over Apria’s closing share price on January 7, 2022 and 30-day volume weighted average price, respectively.

The transaction is subject to customary closing conditions, including the Hart Scott Rodino Act and other regulatory approvals and the approval of Apria’s stockholders, and is expected to close during the first half of 2022.


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.

Conference Call Information

Owens & Minor will host a conference call at 8:00 a.m. EST today to discuss the transaction. Participants may access the call at 877-407-6176. The international dial-in number is 1-201-689-8451. A replay of the call will be available for one week by dialing 877-660-6853 or 1- 201-612-7415. The access code for the conference call, international dial-in and replay is 13726071. A webcast of the event will be available on www.owens-minor.com under the Investor Relations section.

West Virginia Governor Jim Justice today announced an expansion of the previously announced partnership between the West Virginia University Health System, which operates under the brand name WVU Medicine, and Owens & Minor, Inc. (NYSE: OMI), a leading global healthcare solutions company.

As part of the updated partnership, Owens & Minor and WVU Medicine will work with the state of West Virginia to launch a healthcare products preparedness center in Morgantown that will create over 125 jobs. The venture represents a $50M investment in healthcare for the state.

“The COVID-19 pandemic has taught us all that preparedness and resiliency are incredibly important, so this partnership is more than just another business deal, it will have real-world positive benefits for all West Virginians,” Governor Justice said. “I sincerely thank Owens & Minor for their commitment to West Virginia, I also thank Albert Wright from WVU Medicine who was instrumental in putting this together.”

Owens & Minor’s unique value chain offers a predominantly Americas-based manufacturing footprint, which was instrumental in ensuring supply chain resiliency in response to the global pandemic. Combined with its track record of delivering flexible solutions and exceptional customer service, Owens & Minor’s increasingly strong market position has also contributed to the company’s growth and momentum.

“We are thrilled to partner with an enterprise like WVU Medicine and support healthcare throughout the great state of West Virginia,” said Edward A. Pesicka, President and CEO of Owens & Minor. “We look forward to driving efficiencies and collaborating on supply chain excellence together.”

Learn more about Owens & Minor and how it empowers customers across the continuum to advance healthcare at www.owens-minor.com/about/.