Medical and surgical supplies distributor Owens & Minor, Inc. (NYSE: OMI), Richmond, VA, reported sales for the third quarter of $2.2 billion, flat to the same period a year ago. Profit decreased 26.3 percent to $24.6 million.
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The company's acquisition of the Movianto Group contributed $49.7 million to revenue for the quarter. With the acquisition, Owens & Minor secured a third-party logistics platform that serves 600 pharmaceutical and medical device manufacturers customers in 11 European countries.
For the first nine months, sales were $6.6 billion, an increase of 2.3 percent over the prior-year period. Profit fell 7.9 percent to $84.1 million.
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