Platinum Equity to Acquire Owens & Minor Products and Healthcare Services Business

Platinum to Acquire Owens & Minor Products and Healthcare
Services Business

 

 

Standalone P&HS anticipated to benefit from Platinum’s carve-out
experience, sector expertise and commitment to growth

Owens & Minor to retain a 5% equity stake in the business

 

LOS ANGELES (Oct. 7, 2025) – Platinum Equity announced today that
it has entered into a definitive agreement to acquire the
Products & Healthcare Services (“P&HS”) segment of Owens & Minor
(NYSE: OMI). Owens & Minor will retain a five percent interest in
the business.

 

Headquartered in Richmond, VA, P&HS is a vertically-integrated
medical supply distribution platform primarily serving the acute
care market. It is a leading national distributor of medical and
surgical supplies for hospitals, health systems, and other
healthcare providers across the United States.

“We are pleased to provide Owens & Minor a divestiture solution
for P&HS and are grateful for the continued partnership. With the
support of Platinum’s operational capabilities, we are excited
about further enhancing P&HS’s global capabilities to deliver
essential products and services when and where its customers
need.”

 

“Owens & Minor has played a vital role in supporting healthcare
providers and patients across the country, and we are proud to
invest in the future of P&HS,” said
<https://www.platinumequity.com/people/jacob-kotzubei/> Jacob
Kotzubei, Co-President of Platinum Equity. “We are pleased to
provide Owens & Minor a divestiture solution for P&HS and are
grateful for the continued partnership. With the support of
Platinum’s operational capabilities, we are excited about further
enhancing P&HS’s global capabilities to deliver essential
products and services when and where its customers need.”

 

Platinum Equity has invested in numerous healthcare and supply
chain businesses and has 30 years of experience acquiring and
operating global businesses that have been part of large
corporate entities. In recent years the firm has acquired
businesses from firms like Ball Corporation, Caterpillar, Emerson
Electric, Ingersoll Rand and Kohler, among others.

 

“Platinum Equity is the perfect home for the Products &
Healthcare Services business,” said Edward A. Pesicka, President
& Chief Executive Officer of Owens & Minor. “Platinum’s
commitment to building on the customer-centric legacy of the
business and to strategically invest to stay at the forefront of
the evolving healthcare market will serve all stakeholders very
well long into the future.”

 

Platinum Equity Managing Director
<https://www.platinumequity.com/people/matthew-louie/> Matthew
Louie said that P&HS’s profile, combined with favorable macro
dynamics, make the opportunity attractive for Platinum Equity’s
hands-on operational approach to creating value.

“We believe the aging U.S. population and increasing demand for
healthcare services will continue to drive sustainable long-term
demand for medical supplies distribution,” said Louie. “We are
committed to growing the P&HS business and have strong conviction
in its potential as a standalone company. We look forward to
working with the team to support its continued growth and
operational transformation.”

 

The transaction is expected to close near the end of the year,
subject to regulatory review and other customary closing
conditions.

 

About Platinum Equity

Founded in 1995 by
<https://www.platinumequity.com/people/tom-gores/> Tom Gores,
Platinum Equity is a global investment firm with approximately
$50 billion of assets under management and a
<https://www.platinumequity.com/our-companies/> portfolio of
approximately 60 operating companies that serve customers around
the world. Platinum Equity specializes in mergers, acquisitions
and operations – a trademarked strategy it calls M&A&O(r) –
acquiring and operating companies in a broad range of business
markets, including manufacturing, distribution, transportation
and logistics, equipment rental, metals services, media and
entertainment, technology, telecommunications and other
industries. Over the past 30 years Platinum Equity has completed
more than 500 acquisitions.