One thing is likely to hurt some medtech companies more than others during the coronavirus pandemic: an elective surgical procedure slowdown. This thought had begun to emerge last week among industry watchers, but a pair of tweets over the weekend gained thousands of “likes” and retweets. The American College of Surgeons called for hospitals to […]
Owens & Minor shares down 20% on mixed Q4 results
Owens & Minor (NYSE:OMI) posted fourth-quarter results today that beat the earnings consensus on Wall Street but missed on earnings. The Mechanicsville, Va.-based company reported losses of -$39 million, or -65¢ per share, on sales of $2.2 million for the three months ended Dec. 31, 2019, for a bottom-line sales loss of -10% compared with Q4 […]
Owens & Minor’s ArcRoyal warns of excess ethylene oxide in tubing sets
Owens & Minor (NYSE:OMI) company ArcRoyal issued an urgent field safety notice in Europe to warn of an issue with ethylene oxide (EtO) residue in custom procedure trays that contain an insufflation tubing set with gas from Karl Storz. Karl Storz initiated the recall, noting that the affected products contained increased residues of the carcinogenic sterilant […]
Owens & Minor plans to sell Movianto business
Owens & Minor (NYSE:OMI) this week announced it intends to sell its European logistics business Movianto to EHDH Holding Group. “Owens & Minor is laser-focused on our mission to empower our customers to advance healthcare. While Movianto has been an important part of the Owens & Minor family, the intended transaction would advance Owens & Minor’s […]
DoD awards billions in contracts to Cardinal Health, Owens & Minor
The U.S. Defense Dept. announced that Cardinal Health (NYSE:CAH) and Owens & Minor (NYSE:OMI) are among a number of companies set to receive contracts exceeding $1 billion. Dublin, Ohio-based Cardinal Health was awarded a maximum of $2.25 billion in a 30-month base contract. The company has three 30-month option periods for worldwide ordering and distribution of its […]
Owens & Minor results mixed for Q3
Owens & Minor (NYSE:OMI) today reported third-quarter profits that beat the consensus forecast on Wall Street, but revenues were down year-over-year. The Mechanicsville, Va.-based healthcare logistics and medical supplies company reported profits of $1.2 million, or 2¢ per share, on sales of $2.40 billion for the three months ended Sept. 30, 2019, versus a loss of […]
The 20 largest medical device companies in the world
Consolidations continue to transform the roster of largest medical device companies in the world — as evidenced by the latest Big 100 list at our sister site Medical Design & Outsourcing. Overall, Big 100 companies saw $397.5 billion in sales during their most recent fiscal years, up 3.5% from the previous year. As companies continue to […]
Owens & Minor beats the Street on revenue, EPS in Q2 results
Owens & Minor (NYSE:OMI) posted second-quarter results yesterday that beat the consensus forecast on Wall Street and adjusted its outlook for the rest of the year. The Mechanicsville, Va.-based company reported profits of -$10.5 million, or -18¢ per share, on sales of $2.5 billion for the three months ended June 30, 2019, for a bottom-line […]
Owens & Minor slides on Q1 earnings miss
Owens & Minor (NYSE:OMI) shares are down today after the medical device company reported first-quarter earnings that missed the consensus forecast as it swung to red ink for the period. Richmond, Va.-based Owens & Minor posted losses of -$14.1 million, or -23¢ per share, on sales of $2.46 billion for the three months ended March […]
Medtronic taps Lennon as CIO | Personnel Moves – April 9, 2018
Medtronic (NYSE:MDT) said that it named Sean Lennon as its new chief information officer, set to take effect April 29. The Fridley, Minn.-based medtech giant said that Lennon will take over for Mike Hedges, who is retiring from the position after 19 years with Medtronic, including 10 as CIO. Prior to joining Medtronic, Lennon served as […]
Owens & Minor taps former Thermo Fisher CCO Pesicka as prez, CEO | Personnel Moves – February 27, 2019
Owens & Minor (NYSE:OMI) said this month that it named former Thermo Fisher Scientific chief commercial officer Edward Pesicka as its new prez & CEO, effective March 4. Pesicka will replace interim prez & CEO Robert Sledd, who will continue to serve as board chair, the Richmond, Va.-based company said. Prior to his position as chief […]
