Owens & Minor, Inc. (Richmond, VA) has completed the acquisition of American Contract Systems (ACS) (Bloomington, MN), a provider of kitting and sterilization services for Custom Procedure Tray (CPT) solutions.
ACS offers a differentiated CPT solution that will complement existing CPT options within Owens & Minor. The company provides a proprietary, environmentally sound sterilization process to the CPTs that is easily deployed near the point-of-use.
This unique sterilization solution, already deployed in facilities across the U.S., will be combined with Owens & Minor’s Americas-based footprint.
“Bringing into Owens & Minor the capabilities that American Contract Systems offers in the CPT market will further strengthen our ability to meet and exceed our customers’ collective needs for surgical procedure trays,” said Edward A. Pesicka, President and CEO of Owens & Minor. “Custom Procedure Trays represent a critical component of medical-surgical supplies. The ACS acquisition expands our existing U.S-based kitting operations, and advances our focus on local solutions and local support for Owens & Minor customers. We are also excited to build upon ACS’s unique local sterilization capabilities. Through its proprietary sterilization process, ACS is able to offer sterilization capabilities without the high-volume use of ethylene oxide that others use for sterilization, making it safer for our communities and our environment.”
This is the first acquisition Owens & Minor has made since acquiring Halyard Health in 2018.
The M&A market for healthcare companies continues to strengthen ahead of 2022 and the projected increases in US capital gains taxes. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies. Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.
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