Owens & Minor, Inc. to acquire Rotech Healthcare Holdings, Inc. for $1.36 Billion in Cash
07/23/24, 10:34 AM
Location
mechanicsvilleorlandoIndustry
health care
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information technology
medical
health care
Owens & Minor, Inc. has entered into a definitive agreement to acquire Rotech Healthcare Holdings, Inc., a nationally recognized home medical equipment provider. The acquisition, valued at $1.36 billion in cash, aligns with Owens & Minor’s strategy to expand in the fast-growing home-based care space and provide improved service and experience to patients, providers, and payors. The transaction is expected to close by the end of 2024.
Company Info
Location
Mechanicsville, Virginia, United States
Company info
Owens & Minor, Inc. is a global healthcare solutions company that incorporates product manufacturing, distribution support and innovative technology services to deliver significant and sustained value across the breadth of the industry – from acute care to patients in their home. Aligned to its Mission of Empowering Our Customers to Advance HealthcareTM, more than 15,000 global teammates serve over 4,000 healthcare industry customers. A vertically-integrated, predominantly Americas-based footprint enables Owens & Minor to reliably supply its self-manufactured surgical and PPE products. This seamless value chain integrates with a portfolio of products representing 1,200 branded suppliers. Operating continuously since 1882 from its headquarters in Richmond, Virginia, Owens & Minor has grown into a FORTUNE 500 company with operations located across North America, Asia, Europe and Latin America. For more information about Owens & Minor, visit owens-minor.com, follow @Owens_Minor on Twitter and connect on LinkedIn at www.linkedin.com/company/owens-&-minor.