Shares in Owens & Minor (NYSE:OMI) have fallen more than 40% so far today after the company released its third quarter earnings, despite the company beating expectations on Wall Street. The Richmond, Va.-based company posted losses of $565,000, or 1¢ per share, on sales of approximately $2.5 billion for the three months ended September 30, seeing […]
Owens and Minor
The 20 largest medical device companies in the world
The medical device industry saw even more consolidation over the past year, as evidenced by Medical Design & Outsourcing‘s newest Big 100 list. It used to be that a company had to have at least $100 million in annual revenue to make it on the list. This time around, No. 100 on the list is […]
Hospitals sue BD, distributors, GPOs over alleged safety syringe monopoly
A group of healthcare providers levied a purported class action against BD, its distributors and group purchasing organizations accusing them of running a monopoly on the U.S. safety syringe market. The lawsuit, brought in the U.S. District Court for Southern Illinois, was filed on behalf of “healthcare providers nationwide” by a group of providers “who […]
Halyard Health, Owens & Minor close $710m infections business sale
Halyard Health (NYSE:HYH) and Owens & Minor (NYSE:OMI) said today that they closed the $710 million sale of Halyard’s surgical and infection prevention business. The deal adds $1 billion in revenues and $80 million in earnings before interest, taxes, depreciation & amortization to Owen’s & Minor’s books annually. Halyard has said the sale speeds its move toward becoming a pure-play […]
Halyard Health posts Street-beating Q4, full-year results
Shares in Halyard Health (NYSE:HYH) fell slightly today after the medical device maker met expectations on Wall Street with its fourth quarter and full-year finances. The company is in the middle of a $710 million divestiture of its surgical and infectious disease prevention business to Owens & Minor (NYSE:OMI), so it reported financial results for both on-going […]
Owens & Minor shares tumble on prelim 2017 earnings miss
Owens & Minor (NYSE:OMI) shares have fallen today after the company released preliminary results for its full fiscal year 2017 that missed analyst expectations on Wall Street. The Richmond, Va.-based company said it expects to post non-GAAP adjusted earnings per share of between $1.58 and $1.61 for the full year, with revenues between $9.2 billion and […]
Is tax reform good or bad for medical device companies?
Medical device companies and others in the healthcare sector stand to benefit from the tax reform Congress passed at the end of 2017, but the picture isn’t entirely rosy, according to a new report from S&P Global Ratings. In many ways, the report offers a corrective to the bullish statements coming from corporate CEOs such […]
Owens & Minor to buy Halyard Health’s infection prevention biz for $710m
Owens & Minor (NYSE:OMI) agreed to pay $710 million to acquire Halyard Health‘s (NYSE:HYH) surgical and infection prevention business. The deal, expected to close during the first quarter next year, adds $1 billion in revenues and $80 million in earnings before interest, taxes, depreciation & amortization to Owen’s & Minor’s books annually. “Halyard’s S&IP business […]
Medical Action shares nearly double on news of $208M Owens & Minor acquisition
Cordis CSO Rogers departs for HeartFlow | Personnel Moves
Campbell Rogers is leaving his post as chief scientific officer for Johnson & Johnson’s (NYSE:JNJ) Cordis Corp. – a role created for him in July 2006 – to take the chief medical officer job at startup HeartFlow.
Medtronic CEO: Company delays naming Bill Hawkins’ successor without comment
What to make of Medtronic (NYSE:MDT) CEO Bill Hawkins’ decision to postpone his retirement?
A spokesman for the Fridley, Minn.-based company declined to answer any questions about the search for a new chief executive.