Over 135 Years. One Mission.
We have the same goal today that we set in 1882: to serve the healthcare industry with dedication, innovation, and a passion for excellent customer service. More than a century has passed since Owens & Minor opened its doors for business. Together with our manufacturer and provider customers and our teammates, we continue to make healing happen.
This is a time when healing is in its infancy, antiseptic surgery is not yet a generally accepted practice. Medical product manufacturers are few and far between. Doctors either import equipment from Europe or design their own. Opiates are commonplace, in the form of products like “Mrs. Winslow's Soothing Syrup” (for teething babies) and “McMunn's Elixir of Opium” (for nervousness).
Owens & Minor's Inception
1882: Owens & Minor Drug Company opens its first location in downtown Richmond, Virginia. The iron-front building that housed the company's original retail storefront still stands today.
Beginning to Grow
1954: Gil Minor, Jr., and his board of directors decide to purchase Bodeker Drug Company. At the time, Owens & Minor's annual sales approach $5 million, while Bodeker's are a bit above $3 million. Within a few years, the total sales of the renamed firm, Owens, Minor & Bodeker (OMB), far exceed the combined total sales of its two predecessors.
That same year, OMB takes its first step into the Computer Age, as the company installs its first IBM computer to automate order processes.
Entering the Hospital Supply Business
1966: OMB's purchase of A&J Hospital Supply of Richmond, Virginia, marks the beginning of the company's enduring commitment to medical/surgical distribution.
1970: OMB creates Cardinal Drug Centers to provide a merchandising program for independent drugstores. By 1972, the drug warehouse contains more than 25,000 items.
Developing Expertise in Inventory Management
1972: The company incorporates the PANDACSM perpetual inventory system for various disposable items, such as sutures and intravenous solutions.
The Minor Family Continues to Lead
1981: G. Gilmer “Gil” Minor, III, great grandson of the founder, takes the helm. His leadership proves pivotal as the company grows beyond its drug wholesaling roots. Minor becomes President in 1981, Chief Executive Officer in 1984, and Chairman of the Board in 1994.
From NASDAQ to the NYSE
1988: Owens & Minor, Inc. begins trading on the NYSE under the symbol OMI. The company is now a FORTUNE 500 business.
Supply Chain Management Consulting Developed for Customers
1999: Central to the reinvention of Owens & Minor is the creation of OMSolutions, developed under the leadership of Craig R. Smith as President. This new consulting service, providing supply chain management solutions, represents a definitive break from traditional distribution services.
Technology Leadership Recognized
2001: Information Week magazine names O&M the #1 company in the field for the innovative use of technology.
Launching Services Designed for Healthcare Manufacturers
2002: O&M introduces third-party logistics, designed to capture an increased percentage of the medical-surgical supply volume flowing directly from manufacturers to hospitals.
Embracing Private Labeling
2002: MediChoice®, the company's first private label line, is created to offer provider customers products that offer value at competitive prices.
Building a Reputation for Supporting Supplier Diversity
2005: Owens & Minor hosts the first annual Healthcare Supplier Diversity Symposium. Many products for the MediChoice® portfolio are sourced from diversity suppliers.
Growing into New Areas through Acquisitions
1989: Upon the acquisition of National Healthcare, Owens & Minor gains strength on the West Coast and expands its national reach.
1994: Owens & Minor acquires Stuart Medical, nearly doubling the size of the company.
2006: Owens & Minor acquires the acute-care medical and surgical distribution business of McKesson. The transaction expands Owens & Minor by nine distributions centers, 50,000 items, 600 new teammates, 12,000 new contracts, and 1,900 new customers.
2008: Owens & Minor acquires the Burrows Company, a large regional medical/surgical distribution business located in the Midwest.
2012: Owens & Minor completes its acquisition of the Movianto Group, a leading European healthcare 3PL, thus beginning its expansion into the global market.
2014: Owens & Minor acquires Medical Action Industries, a leading U.S.-based provider of procedural kits and trays, as well as ArcRoyal, a privately-held kitting company based in Ireland.
Earning Acclaim for Expertise
2008: Owens & Minor is ranked #82 on the Transport Topics Top 100 Private Carriers list.
2014-16: Owens & Minor receives the Premier Legacy Award three years in a row.
2015: The company receives the Dell World Impact Award for Cloud Computing, and is also named a Top 100 3PL provider by Inbound Logistics.
2015-16: Owens & Minor earns back-to-back rankings of #4 and #6 in the Gartner Healthcare Supply Chain Top 25.
2016: The U.S. Environmental Protection Agency honors O&M with its prestigious SmartWay® Excellence Award. With this award, O&M, which is already an EPA SmartWay® Partner, is recognized as a top environmental performer and leader in freight supply chain efficiency.
For more than a century, Owens & Minor has played a vital role in connecting the world of medical products to the point of care. Our legacy in the healthcare market gives us a solid foundation for the future. Today, we're a global healthcare services company dedicated to helping manufacturers and providers become more efficient by solving complexity in our marketplace.Cody Phipps
Chairman, President and Chief Executive Officer