Owens & Minor (NYSE:OMI) announced today that it appointed Jonathan Leon as its new EVP and CFO, effective immediately. Leon will maintain his post as corporate treasurer while a search for his successor is ongoing. He originally joined the company in 2017, most recently serving as interim CFO and corporate treasurer since June 2024. Leon […]
Owens & Minor
Owens & Minor to acquire Rotech Healthcare for nearly $1.4B
Owens & Minor (NYSE:OMI) today announced it entered into a definitive agreement to acquire Rotech Healthcare Holdings for nearly $1.4 billion in cash. Rotech is a privately held home-based care business. The deal is valued at $1.36 billion in cash with tax benefits of approximately $40 million, resulting in a net purchase price of approximately […]
Owens & Minor stock rises on Q2 results
Owens & Minor (NYSE:OMI) shares rose today on second-quarter results that included a big three months for its Patient Direct business. Shares of OMI ticked up 1% at $18.96 apiece in midday trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 0.2%. The Richmond, Virginia-based […]
Owens & Minor stock soars on Q1 results as realignment continues
Owens & Minor (NYSE:OMI) shares got a boost today on first-quarter results that came in ahead of the consensus forecast. Shares of OMI rose 40.9% at $19.09 apiece in mid-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — fell 0.3%. The Richmond, Virginia-based company posted […]
Owens & Minor lays off 61 workers in Massachusetts
Owens & Minor laid off 61 employees at its distribution center in Franklin, Massachusetts, according to a WARN report filed with the state. The layoff took place on Feb. 17, according to the notice. It was more than a week before O&M announced a corporate realignment amid mixed fourth-quarter results. At the time, Owens & […]
11 of the biggest medtech earnings stories from Q4 2022
Layoffs, growth and more — the biggest medtech companies in the world experienced a range of outcomes in the fourth quarter of 2022. Over the past two months, many of the largest medtech companies across the globe reported their financial results for the three months ended Dec. 31, 2022 (with a handful of exceptions due […]
Owens & Minor announces company realignment amid mixed Q4 results
Owens & Minor (NYSE:OMI) today announced an operating realignment as it posted mixed-bag Q4 results. The operating model realignment program will include sourcing and demand management, organization structure redesign, network rationalization and operational excellence and commercial excellence and product profitability enhancement. “We have initiated a company-wide operating model realignment program with a dedicated team to […]
The biggest medtech stock gainers, losers in 2022
In another roller coaster year for medtech, these are the companies that saw their stock rise and fall the most drastically. The MassDevice MedTech 100 Index, which includes stocks of the world’s largest medical device companies, reflects the performance of many in the medtech space. In a tough year for a lot of businesses, the Index […]
Owens & Minor beats Street consensus amid profit losses in Q3 results
Owens & Minor (NYSE:OMI) today posted third-quarter results that beat the overall consensus on Wall Street. The Richmond, Virginia-based orthopedic device maker posted profits of $12.5 million, or 16¢ per share, on sales of $2.5 billion for the three months ended Sept. 30, for a bottom-line loss of 71.7% on sales loss of 0.2% compared […]
These 10 medical device companies have the most revenue per employee
One way to measure medical device companies’ efficiency is to calculate revenue per employee. While compiling corporate data for MassDevice and Medical Design & Outsourcing‘s recent Medtech Big 100 report on the largest medical device companies, we took the companies reporting headcounts. Then, we divided the revenue by the number of workers. When it comes […]
Owens & Minor announces executive leadership changes, lowers 2022 guidance
Owens & Minor (NYSE:OMI) announced today that it appointed Andrew Long as EVP and CEO for its products & healthcare services segment. Its stock also took a major hit today on lower 2022 guidance amid continued macroeconomic headwinds. OMI shares dropped more than 31% to $15.82 apiece by midday trading today. MassDevice‘s MedTech 100 Index, […]
