![]() Owens & Minor’s legal advisor is Kirkland & Ellis LLP. Morgan Securities LLC acted as financial advisor to Owens & Minor in connection with this acquisition. The acquisition was consummated for total consideration in cash of approximately $1.6 billion and funded with a combination of debt and cash on hand.Įvercore acted as the lead financial advisor and J.P. “We welcome our newest teammates from Apria and look forward to continued success in our mission of empowering our customers to advance healthcare.” “Owens & Minor continues to build momentum in the healthcare industry, expanding our Americas-based PPE and surgical product manufacturing and now accelerating our leadership position in home healthcare,” Pesicka says. ![]() “We look forward to unleashing the full potential of our teammates in the new Patient Direct segment to achieve even better clinical connectivity between the patient, the provider and the payor,” says Starck, in a release. Starck, who has served as CEO for Apria since 2015, has joined Owens & Minor and will lead the new Patient Direct segment. The company will leverage its existing market reach and expertise in the hospital setting to create a more efficient, single-source home healthcare delivery and distribution model to support patients as their care transitions from the hospital into the home.ĭaniel J. It also expands Owens & Minor’s home healthcare portfolio to cover a range of chronic and acute care needs including diabetes, ostomy, incontinence, wound care, home respiratory, obstructive sleep apnea, and negative pressure wound therapy. This new segment creates a robust commercial team with greater access to patients across a wider geographic footprint. This portfolio expansion strengthens Owens & Minor’s position in the fast-growing home health industry and enhances our ability to support healthcare beyond the hospital for both new and existing patients.”Īpria will be combined with Owens & Minor’s existing Byram Healthcare business to form the new Patient Direct segment. “Apria is a perfect complement to our Byram business. Pesicka, president and CEO, Owens & Minor, in a release. “We are excited to finalize the acquisition and for Apria to become part of Owens & Minor,” says Edward A. Patient Direct will be a combination of Byram and Apria, while Products & Healthcare Services will be a combination of the global products, medical distribution and services businesses. Its two legacy segments will be replaced with two new segments: Patient Direct and Products & Healthcare Services. Beginning in the first quarter of 2022, Owens & Minor will change its reporting structure to reflect the company’s go-to-market approach. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.Owens & Minor Inc has closed the previously announced acquisition of Apria Inc. ![]() The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. Eversheds Sutherland is a global provider of legal and other services operating through various separate and distinct legal entities.Įversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world.
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