Owens & Minor (NYSE:OMI) today announced that it has appointed Tammy Gomez as executive VP and chief human resources officer, effective July 11. Gomez will report directly to president and CEO Edward Pesicka and will come a member of the company’s executive leadership team. She will be responsible for teammate strategy and will oversee global […]
Owens & Minor
Owens & Minor ticks up on Street-beating Q1
Owens & Minor (NYSE:OMI) shares are on the rise today on first-quarter results that beat the consensus forecast. The Richmond, Virginia-based company posted profits of $29.3 million, or 52¢ per share, on sales of $2.4 billion for the three months ended March 31, 2022, for a 57.9% bottom-line slide on sales growth of 3.4%. Adjusted […]
Owens & Minor completes $1.6B acquisition of Apria
Owens & Minor (NYSE:OMI) announced today that it closed its previously announced $1.6 billion acquisition of Apria. The Richmond, Virginia-based company previously announced the planned acquisition of Apria, a developer of home medical equipment for respiratory therapy, sleep apnea treatment, negative pressure wound therapy, and continuous glucose monitoring, in January 2022. According to a news […]
Owens & Minor launches $500M senior note offering
Owens & Minor (NYSE:OMI) announced today that it launched a private offering worth $500 million in senior notes. Richmond, Virginia-based Owens & Minor’s notes — due in 2030 — will provide proceeds to finance the company’s acquisition of Apria. According to a news release, unless the acquisition is consummated concurrently with or promptly following the […]
Owens & Minor ticks up on Street-beating Q4 results
Owens & Minor (NYSE:OMI) today posted fourth-quarter results that beat the overall consensus on Wall Street. The Richmond, Virginia-based orthopedic device company reported profits of $41.97 million, or 55¢ per share, on sales of $2.5 billion for the three months ended Dec. 31, 2021, for a bottom-line loss of -17.3% on sales growth of 4.46% […]
Owens & Minor to acquire Apria for $1.5B
Owens & Minor today announced that it has signed a definitive agreement to acquire Apria for $1.45 billion. Apria provides home medical equipment for respiratory therapy, sleep apnea treatment, negative pressure wound therapy, and continuous glucose monitoring. The acquisition will supplement Owens & Minor’s Patient Direct portfolio of diabetes, ostomy, incontinence and wound care. “I’m […]
Owens & Minor beats the Street in Q3, narrows full-year guidance
Owens & Minor (NYSE:OMI) shares hardly budged today on third-quarter results that topped the consensus forecast. The Richmond, Virginia-based company posted profits of $44.1 million, or 48¢ per share, on sales of just over $2.5 billion for the three months ended Sept. 30, 2021, for a 4.3% bottom-line slide on sales growth of 14.4%. Adjusted […]
Owens & Minor down — even with Street-beating Q2 results
Owens & Minor (NYSE:OMI) posted second-quarter financial results today that beat the overall consensus on Wall Street. Shares in OMI, however, were down more than –10% to $42.13 apiece in morning trading. MassDevice‘s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was down slightly. The Richmond, Va.–based company reported profits of […]
Owens & Minor ticks up in pre-market trading on mixed Q1 results
Owens & Minor (NYSE:OMI) posted first-quarter results today that missed the consensus on Wall Street but raised its full-year guidance range for adjusted net income. The Richmond, Va.-based company reported profits of $69.589 million, or 98¢ per share, on sales of $2.327 billion for the three months ended March 31, for a sales growth of 9.61% […]
8 medical device companies that beat the COVID-19 pandemic and prospered
Some medical device businesses not only survived the COVID-19 pandemic but actually thrived — with many producing the medtech needed to fight the coronavirus’s spread. Medical Design & Outsourcing recently analyzed financials for 20 of the largest medical device businesses in the world. Not only was revenue only slightly down for the 20 during 2020, but it was […]
How big medtech fared during a year of COVID-19
Despite numerous challenges, the medtech industry showed itself to be fairly recession-proof in 2020, according to a Medical Design & Outsourcing/MassDevice analysis of financials. Annual reports recently released by 20 of the world’s largest medical device companies showed only a slight dip in revenue during 2020 — a year in which medtech held the front lines against […]