{"id":893511,"date":"2025-10-07T16:36:41","date_gmt":"2025-10-07T20:36:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/owens-minor-announces-definitive-agreement-to-divest-products-healthcare-services-segment-to-platinum-equity-for-375mm-in-cash-and-a-retained-equity-stake\/"},"modified":"2025-10-07T16:36:41","modified_gmt":"2025-10-07T20:36:41","slug":"owens-minor-announces-definitive-agreement-to-divest-products-healthcare-services-segment-to-platinum-equity-for-375mm-in-cash-and-a-retained-equity-stake","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/owens-minor-announces-definitive-agreement-to-divest-products-healthcare-services-segment-to-platinum-equity-for-375mm-in-cash-and-a-retained-equity-stake\/","title":{"rendered":"Owens &amp; Minor Announces Definitive Agreement to Divest Products &amp; Healthcare Services Segment to Platinum Equity for $375mm in Cash and a Retained Equity Stake"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Owens &amp; Minor Announces Definitive Agreement to Divest Products &amp; Healthcare Services Segment to Platinum Equity for $375mm in Cash and a Retained Equity Stake<\/b><\/p>\n<p class=\"bwalignc\"><i>Transforms Owens &amp; Minor into a Pure Play Market Leader in the Home-Based Care Market<\/i><\/p>\n<p class=\"bwalignc\"><i>5% Retained Equity Stake Provides Ability to Realize Future Value Creation Under Platinum Equity<\/i><\/p>\n<p class=\"bwalignc\"><i>Preserves Tax Attributes in Excess of $150 Million<\/i><\/p>\n<p>RICHMOND, Va.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nOwens &amp; Minor, Inc. (NYSE: OMI)<b \/>today announced that it has entered into a definitive agreement for the sale of the Company\u2019s Products &amp; Healthcare Services (P&amp;HS) segment to Platinum Equity. Over the last several years, Owens &amp; Minor has been strategically moving towards expanding its leadership position in the very attractive home-based care space. This transaction will allow the Company to focus on a simpler business model and allow for a more appropriate valuation as a leader in this segment.<\/p>\n<p>\n\u201cToday\u2019s announcement represents another critical step forward in the strategic transformation of Owens &amp; Minor into a leading, pure play home based care platform,\u201d said Edward A. Pesicka, President &amp; Chief Executive Officer, Owens &amp; Minor. \u201cWith the definitive agreement in place for Products &amp; Healthcare Services, we will remain laser-focused on transforming the Company into a pure-play home-based care business that will drive even more value for our Patient Direct stakeholders. Going forward, we will be positioned among the leaders in a dynamic market where we will be able to capitalize on our leading brands and long-standing record of putting the patient first while delivering consistent revenue and profit growth. The ability to dedicate our resources to the more profitable part of the legacy business will be value-enhancing for many years to come,\u201d Pesicka continued.<\/p>\n<p>\n\u201cPlatinum Equity is the perfect home for the Products &amp; Healthcare Services business and their commitment to building on the customer-centric legacy of the business and to strategically invest to stay at the forefront of the evolving healthcare market will serve all stakeholders very well long into the future,\u201d Pesicka concluded.<\/p>\n<p>\nPlatinum Equity has invested in numerous healthcare and supply chain businesses and has 30 years of experience acquiring and operating global businesses that have been part of large corporate entities.<\/p>\n<p>\n\u201cOwens &amp; Minor has played a vital role in supporting healthcare providers and patients across the country, and we are proud to invest in the future of P&amp;HS,\u201d said Jacob Kotzubei, Co-President, Platinum Equity. \u201cWe are pleased to provide Owens &amp; Minor a divestiture solution for P&amp;HS and are grateful for the continued partnership. With the support of Platinum\u2019s operational resources, we are committed to further enhancing P&amp;HS\u2019s global capabilities to deliver essential products and services when and where its customers need.\u201d<\/p>\n<p>\n\u201cWe are committed to growing the P&amp;HS business and have strong conviction in its potential as a standalone company,\u201d said <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.platinumequity.com%2Fpeople%2Fmatthew-louie%2F&amp;esheet=54335107&amp;newsitemid=20251007702229&amp;lan=en-US&amp;anchor=Matthew+Louie&amp;index=1&amp;md5=24b3e835ac9fb2f9360e68555f3aa9bd\">Matthew Louie<\/a>, Managing Director, Platinum Equity. \u201cWe look forward to working with the team to support its continued growth and operational transformation.\u201d<\/p>\n<p><b><span class=\"bwuline\">Transaction Details<\/span><\/b><\/p>\n<p>\nUnder the terms of the definitive agreement, Owens &amp; Minor will receive a cash payment of $375 million at closing of the sale, subject to customary adjustments for working capital, net debt and transaction expenses. Also, Owens &amp; Minor will retain a five (5) percent interest in the Products &amp; Healthcare Services business as well as a preferred equity return that, in the event of a future divestiture of the business, could result in Owens &amp; Minor receiving a portion of divestiture proceeds. Owens &amp; Minor will also retain certain specified tax assets, including federal net operating loss carryforwards and certain other tax attributes, which exceeds $150 million.<\/p>\n<p>\nThe transaction is subject to customary closing conditions, including the Hart Scott Rodino Act and other regulatory approvals. The transaction is expected to close near the end of the year.<\/p>\n<p><b><span class=\"bwuline\">Advisors<\/span><\/b><\/p>\n<p>\nCiti and Wells Fargo are acting as financial advisors to Owens &amp; Minor. Kirkland &amp; Ellis is serving as Owens &amp; Minor\u2019s legal advisor.<\/p>\n<p>\nBank of America and Fifth Third are serving as financial advisors to Platinum Equity on the P&amp;HS acquisition. Gibson, Dunn &amp; Crutcher LLP is serving as legal advisor, Willkie Farr &amp; Gallagher LLP is serving as debt financing counsel, and Latham &amp; Watkins LLP is serving as special regulatory counsel to Platinum Equity on the transaction.<\/p>\n<p><b><span class=\"bwuline\">Third Quarter 2025 Financial Results and Investor Conference Call<\/span><\/b><\/p>\n<p>\nOwens &amp; Minor plans to release its financial results for the third quarter of 2025 on Friday, October 31, 2025, before trading begins on the New York Stock Exchange. The Company will host a conference call for investors and analysts the same day at 8:30 a.m. EDT. Participants may access the call via the toll-free dial-in number at 1-888-300-2035, or the toll dial-in number at 1-646-517-7437. The conference ID access code is 1058917. All interested stakeholders are encouraged to access the simultaneous live webcast by visiting the Investor Relations page of the Owens &amp; Minor website available at investors.owens-minor.com\/events-and-presentations\/. A replay of the webcast can be accessed following the presentation at the link provided above.<\/p>\n<p><b><span class=\"bwuline\">Safe Harbor<\/span><\/b><\/p>\n<p>\nThis release is intended to be disclosure through methods reasonably designed to provide broad, non-exclusionary distribution to the public in compliance with the SEC\u2019s Fair Disclosure Regulation. This release contains certain \u201cforward looking\u201d statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, the statements in this release regarding the risk that the proposed sale of the Products &amp; Healthcare Service business will not be consummated in a timely manner or at all, the expected proceeds from the proposed sale, as well as statements related to our expectations regarding the performance of our business following the completion of the proposed sale. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from those projected or contemplated in the forward-looking statements. Investors should refer to Owens &amp; Minor\u2019s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 28, 2025, including the section captioned \u201cItem 1A. Risk Factors,\u201d as applicable, and subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with or furnished to the SEC, for a discussion of certain known risk factors that could cause the Company\u2019s actual results to differ materially from its current estimates. These filings are available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.owens-minor.com&amp;esheet=54335107&amp;newsitemid=20251007702229&amp;lan=en-US&amp;anchor=www.owens-minor.com&amp;index=2&amp;md5=0f04f005ae623213bb53f028d80b38c8\">www.owens-minor.com<\/a>. Given these risks and uncertainties, Owens &amp; Minor can give no assurance that any forward-looking statements will, in fact, transpire and, therefore, cautions investors not to place undue reliance on them. Owens &amp; Minor specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.<\/p>\n<p><b><span class=\"bwuline\">About Owens &amp; Minor<\/span><\/b><\/p>\n<p>\nOwens &amp; Minor, Inc. (NYSE: OMI) is a Fortune 500 global healthcare solutions company providing essential products and services that support care from the hospital to the home. For over 100 years, Owens &amp; Minor and its affiliated brands, Apria\u00ae, Byram\u00ae and HALYARD*, have helped to make each day better for the patients, providers, and communities we serve. Powered by more than 20,000 teammates worldwide, Owens &amp; Minor delivers comfort and confidence behind the scenes so healthcare stays at the forefront. Owens &amp; Minor exists because every day, everywhere, Life Takes Care\u2122. For more information about Owens &amp; Minor and our affiliated brands, visit owens-minor.com or follow us on LinkedIn and Instagram.<\/p>\n<p>\n* Registered Trademark or Trademark of O&amp;M Halyard or its affiliates.<\/p>\n<p>\nOMI-CORP<\/p>\n<p>\nOMI-IR<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20251007702229r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20251007702229\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20251007702229\/en\/<\/a><\/span><\/p>\n<p>\nInvestors<br \/>\n<br \/>Alpha IR Group<br \/>\n<br \/>Jackie Marcus or Nick Teves<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:OMI@alpha-ir.com\">OMI@alpha-ir.com<\/a><\/p>\n<p>\nMedia<br \/>\n<br \/>Stacy Law<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:media@owens-minor.com\">media@owens-minor.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Virginia<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Managed Care Health Medical Supplies Medical Devices<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20251007702229\/en\/2602098\/3\/O-M_Logo_Hi-res.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Owens &amp; Minor Announces Definitive Agreement to Divest Products &amp; Healthcare Services Segment to Platinum Equity for $375mm in Cash and a Retained Equity Stake Transforms Owens &amp; Minor into a Pure Play Market Leader in the Home-Based Care Market 5% Retained Equity Stake Provides Ability to Realize Future Value Creation Under Platinum Equity Preserves Tax Attributes in Excess of $150 Million RICHMOND, Va.&#8211;(BUSINESS WIRE)&#8211; Owens &amp; Minor, Inc. (NYSE: OMI)today announced that it has entered into a definitive agreement for the sale of the Company\u2019s Products &amp; Healthcare Services (P&amp;HS) segment to Platinum Equity. Over the last several years, Owens &amp; Minor has been strategically moving towards expanding its leadership position in the very attractive home-based care space. This &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/owens-minor-announces-definitive-agreement-to-divest-products-healthcare-services-segment-to-platinum-equity-for-375mm-in-cash-and-a-retained-equity-stake\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Owens &amp; Minor Announces Definitive Agreement to Divest Products &amp; Healthcare Services Segment to Platinum Equity for $375mm in Cash and a Retained Equity Stake&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-893511","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Owens &amp; Minor Announces Definitive Agreement to Divest Products &amp; Healthcare Services Segment to Platinum Equity for $375mm in Cash and a Retained Equity Stake - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/owens-minor-announces-definitive-agreement-to-divest-products-healthcare-services-segment-to-platinum-equity-for-375mm-in-cash-and-a-retained-equity-stake\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Owens &amp; Minor Announces Definitive Agreement to Divest Products &amp; Healthcare Services Segment to Platinum Equity for $375mm in Cash and a Retained Equity Stake - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Owens &amp; Minor Announces Definitive Agreement to Divest Products &amp; Healthcare Services Segment to Platinum Equity for $375mm in Cash and a Retained Equity Stake Transforms Owens &amp; Minor into a Pure Play Market Leader in the Home-Based Care Market 5% Retained Equity Stake Provides Ability to Realize Future Value Creation Under Platinum Equity Preserves Tax Attributes in Excess of $150 Million RICHMOND, Va.&#8211;(BUSINESS WIRE)&#8211; Owens &amp; Minor, Inc. (NYSE: OMI)today announced that it has entered into a definitive agreement for the sale of the Company\u2019s Products &amp; Healthcare Services (P&amp;HS) segment to Platinum Equity. Over the last several years, Owens &amp; Minor has been strategically moving towards expanding its leadership position in the very attractive home-based care space. 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Minor Announces Definitive Agreement to Divest Products &amp; Healthcare Services Segment to Platinum Equity for $375mm in Cash and a Retained Equity Stake\",\"datePublished\":\"2025-10-07T20:36:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/owens-minor-announces-definitive-agreement-to-divest-products-healthcare-services-segment-to-platinum-equity-for-375mm-in-cash-and-a-retained-equity-stake\\\/\"},\"wordCount\":1338,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/owens-minor-announces-definitive-agreement-to-divest-products-healthcare-services-segment-to-platinum-equity-for-375mm-in-cash-and-a-retained-equity-stake\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20251007702229r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/owens-minor-announces-definitive-agreement-to-divest-products-healthcare-services-segment-to-platinum-equity-for-375mm-in-cash-and-a-retained-equity-stake\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/owens-minor-announces-definitive-agreement-to-divest-products-healthcare-services-segment-to-platinum-equity-for-375mm-in-cash-and-a-retained-equity-stake\\\/\",\"name\":\"Owens &amp; 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Minor into a Pure Play Market Leader in the Home-Based Care Market 5% Retained Equity Stake Provides Ability to Realize Future Value Creation Under Platinum Equity Preserves Tax Attributes in Excess of $150 Million RICHMOND, Va.&#8211;(BUSINESS WIRE)&#8211; Owens &amp; Minor, Inc. (NYSE: OMI)today announced that it has entered into a definitive agreement for the sale of the Company\u2019s Products &amp; Healthcare Services (P&amp;HS) segment to Platinum Equity. Over the last several years, Owens &amp; Minor has been strategically moving towards expanding its leadership position in the very attractive home-based care space. 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