Platinum Equity announces that it has entered into a definitive agreement to acquire the Products & Healthcare Services (“P&HS”) segment of Owens & Minor (NYSE: OMI). Owens & Minor will retain a five percent interest in the business. Headquartered in Richmond, VA, P&HS is a vertically-integrated medical supply distribution platform primarily serving the acute care market. It is a leading national distributor of medical and surgical supplies for hospitals, health systems, and other healthcare providers across the United States. Platinum Equity Managing Director Matthew Louie said that P&HS’s profile, combined with favorable macro dynamics, make the opportunity attractive for Platinum Equity’s hands-on operational approach to creating value.
Read the full article: Platinum Equity to Acquire Products & Healthcare Services Business from Owens & Minor //
Source: https://www.prnewswire.com/news-releases/platinum-equity-to-acquire-products–healthcare-services-business-from-owens–minor-302577545.html