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In The News:

Owens & Minor 3Q Sales Up 1.4%

Owens & Minor, Inc. (NYSE: OMI), Richmond, VA, reported third-quarter sales were $2.06 billion, an increase of 1.4 percent compared to third quarter 2009. Profit declined 9.2 percent to $31.5 million.

For the nine months ended Sept. 30, 2010, sales were $6.05 billion, up 0.9% from the same period last year. Profit increased 23 percent to $88.8 million.

Owens & Minor also announced its third-party healthcare-logistics business unit, OM HealthCare Logistics, has entered into a five-year agreement with CareFusion (NYSE: CFN), a global medical device company, to provide third-party logistics services. Under terms of the agreement, OM HCL will provide warehousing, distribution and transportation services for certain of CareFusion’s businesses.

CareFusion will transition from multiple distribution facilities into two OM HCL distribution centers – the existing facility in Louisville, KY, and a new facility in Redlands, CA – over an estimated 18 month conversion period.

Owens & Minor is a national distributor of name-brand medical and surgical supplies and a healthcare supply-chain management company.

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