Owens & Minor to Acquire Assets of McKesson Acute-Care Unit
Owens & Minor, Richmond, VA, has agreed to acquire certain assets of the acute-care medical and surgical supply distribution business of McKesson Medical-Surgical, a business unit of McKesson Corporation, for approximately $170 million. After an estimated six-month transition plan is completed, the acquisition is expected to generate at least $800 million in incremental annual revenue for Owens & Minor.
"This acquisition is a unique opportunity and a great strategic fit for Owens & Minor," said Craig R. Smith, president & chief executive officer of Owens & Minor. "Acute-care medical and surgical distribution is our core competency and we look forward to significantly expanding our customer base and having the ...