Welcome to our dedicated page for Owens & Minor news (Ticker: OMI), a resource for investors and traders seeking the latest updates and insights on Owens & Minor stock.
Owens & Minor, Inc. (NYSE: OMI) generates a steady flow of corporate, financial, and strategic news as it transitions into Accendra Health, Inc. and refocuses on home-based care. Company press releases and SEC filings describe a multi-step transformation that includes the sale of its Products & Healthcare Services (P&HS) segment, a shift toward a pure play home-based care platform centered on the Patient Direct business, and a corporate name and ticker change to Accendra Health, Inc. and ACH on the New York Stock Exchange.
News related to OMI has recently covered transaction announcements, such as the definitive agreement and subsequent completion of the sale of the P&HS segment to an affiliate of Platinum Equity, along with details of the retained equity stake and associated tax attributes. Earnings releases provide quarterly and year-to-date financial results for continuing operations, which primarily represent the Patient Direct segment and certain functional operations, and discuss management’s views on the company’s financial outlook and strategic priorities.
Investors and observers will also find corporate governance and leadership updates in the news flow, including executive appointments, role changes, and amendments to executive compensation and retirement plans that are connected to the company’s evolving structure. Additional items include announcements of participation in investor conferences, where management presents the company’s strategy and financial profile, and commercial agreements such as the national preferred DME network arrangement involving Apria and Byram with Optum Health.
This news page for OMI serves as a historical archive of Owens & Minor’s communications as it moves toward operating as Accendra Health, Inc. under the ACH ticker. Readers can use it to trace the company’s shift from a combination of hospital-focused distribution and home-based care toward a focused Patient Direct platform, as well as to follow key regulatory filings, transaction milestones, and strategic announcements.
Owens & Minor (NYSE: OMI), a Fortune 500 global healthcare solutions company, has scheduled its first quarter 2025 earnings release for Thursday, May 8, 2025, before NYSE trading begins. The company will host a conference call at 8:00 a.m. EDT the same day, accessible via toll-free (1-888-300-2035) or toll (1-646-517-7437) numbers with conference ID 1058917. A live webcast will be available on the company's Investor Relations page, with a replay accessible afterward.
Owens & Minor, with its affiliated brands Apria®, Byram®, and HALYARD*, has been providing essential healthcare products and services for over 100 years, supporting care from hospital to home. The company employs more than 20,000 teammates worldwide.
Owens & Minor (NYSE: OMI) has announced significant advancements in its Products & Healthcare Services (P&HS) segment's medical distribution capabilities. The company is implementing new technology, automation, and analytics capabilities to enhance supply chain visibility and efficiency.
Two new state-of-the-art distribution centers will showcase these innovations:
- A facility in West Virginia (now open) featuring advanced automation and robotics for streamlined inventory management and order fulfillment
- A center in South Dakota (opening spring 2025) incorporating augmented reality (AR) technology for order picking
These developments are part of the company's two-year initiative to improve customer experience and operational efficiency in the P&HS segment, which serves thousands of healthcare customers.
Owens & Minor (NYSE:OMI) has announced the pricing of its $1 billion senior secured notes offering due 2030, bearing a 10.000% interest rate. The notes, priced at 100% of principal amount, are expected to close on April 4, 2025.
The proceeds will primarily finance the previously announced acquisition of Rotech Healthcare Holdings. Until the acquisition closes, the proceeds will be held in escrow. The notes will be guaranteed by OMI and certain domestic subsidiaries, secured by first-priority liens on assets securing the company's existing loan facilities.
The funding package includes the notes offering proceeds, cash on hand, and planned borrowings under a new senior secured incremental term loan B facility. These funds will cover the acquisition costs, Rotech debt repayment, and related expenses.
Owens & Minor (NYSE:OMI) has announced a private offering of $600 million senior secured notes due 2030. The proceeds will be used to finance the previously announced acquisition of Rotech Healthcare Holdings, along with cash on hand and borrowings from a new senior secured incremental term loan B facility.
The notes will be guaranteed by certain domestic subsidiaries and secured by first-priority liens on company assets. Initially, if issued before the Rotech acquisition closes, the notes will only be secured by the escrow account holding the proceeds. The offering is to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
The funds will cover the acquisition costs, repayment of Rotech debt, related fees and expenses, with remaining proceeds for working capital. The offering is not contingent on completing the Rotech acquisition, which may occur after the offering closes.
Owens & Minor (NYSE: OMI) has announced significant financial developments and strategic initiatives. The company has achieved a total debt reduction of $647 million over two years, with $244 million reduced in 2024. The company is actively pursuing the sale of its Products & Healthcare Services (P&HS) segment and has authorized a $100 million share repurchase program over 24 months.
For 2025, OMI projects revenue between $10.85-11.15 billion, adjusted EBITDA of $560-590 million, and adjusted EPS of $1.60-1.85. The guidance indicates double-digit adjusted EBITDA and EPS growth with improving cash flow. The outlook excludes impacts from the announced Rotech acquisition, potential P&HS segment sale, and share repurchase activity.
Owens & Minor (NYSE: OMI) has launched ByramConnect, a digital health platform powered by the Welldoc App, exclusively for Byram Healthcare customers. The FDA-cleared class II software medical device is designed to help patients with type 1 or type 2 diabetes and associated chronic conditions.
The platform combines AI-driven digital health coaching, self-tracking, and clinical insights across six health dimensions. It integrates with various devices including blood glucose meters, CGMs, blood pressure monitors, and fitness trackers. Clinical studies have shown improvements in key metrics including reduced A1C, lower blood pressure, and reduced body weight.
Key features include personalized digital coaching, diet and nutrition support, GLP-1 medication management, health reporting with actionable insights, and mental wellbeing guidance. The service is available at no additional charge to Byram diabetes customers.
Owens & Minor (NYSE: OMI) has announced preliminary financial results for Q4 and full-year 2024, coinciding with financing activities for its planned Rotech Healthcare acquisition. The company expects to report Q4 2024 revenue of $2.67-$2.70 billion and full-year revenue of $10.67-$10.70 billion.
Key highlights include a non-cash goodwill impairment charge of approximately $310 million in the Apria division, resulting in a net loss of $(311)-(288) million for Q4 and $(378)-(355) million for the full year. The Patient Direct segment showed mid-single digit growth, and the company reduced total debt by over $240 million in 2024.
The company's Q4 Adjusted EBITDA is expected at $135-$140 million, with full-year Adjusted EBITDA of $520-$525 million. Full-year total debt stands at $1.854-$1.859 billion. The company plans to release complete financial results on February 28, 2025.
Owens & Minor (NYSE: OMI) has announced its participation in two upcoming investor conferences in December 2024. The company will participate in a fireside chat at the Citi 2024 Global Healthcare Conference in Miami, Florida on December 4 at 8:45 a.m. ET, and at the Bank of America Home Care Conference virtually on December 9 at 12:00 p.m. ET. Both events will include individual investor meetings.
Owens & Minor is a Fortune 500 global healthcare solutions company that provides essential products and services from hospital to home care. With over 20,000 teammates worldwide, the company operates through affiliated brands including Apria, Byram, and HALYARD.
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