Owens & Minor has entered into a definitive agreement to sell its Products & Healthcare Services segment to Platinum Equity for $375 million in cash, subject to customary adjustments. The company will retain a 5% equity interest in the business and a preferred equity return, which could provide additional proceeds if a future divestiture occurs. Owens & Minor will also keep specified tax assets exceeding $150 million. The transaction is expected to close near the end of the year, allowing Owens & Minor to focus on its strategy of becoming a pure-play leader in home-based care.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Owens & Minor Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251007702229) on October 07, 2025, and is solely responsible for the information contained therein.