Tag: Owens & Minor
In brief: Sunrise Medical buys, OM integrates, ResMed accelerates Â
October 4, 2023HME News Staff
FRESNO, Calif. – Sunrise Medical has acquired Ride Designs, significantly expanding the company’s custom seating offerings, clinical expertise and service capabilities.
Denver-based Ride Designs, which was founded in 1998 by Tom Hetzel and Joe Bieganek, has built a name for itself for designing and delivering highly specialized seating systems for wheelchairs using the most up-to-date technologies, including 3D printing.
“By joining forces with Ride Designs,...
Avera Health, OM to open Integrated Service CenterÂ
October 2, 2023HME News Staff
SIOUX FALLS, S.D. – Avera Health, an integrated health system based here, is partnering with Owens & Minor on plans for a 330,000-square-foot commercial building for supply distribution and other services.
The new Integrated Service Center will consolidate eight different locations.
“Serving over 72,000 square miles for our health system comes with logistical complexities, redundancies and challenges,” said Sara Henderson, vice president for supply chain at Avera...
OM sees ‘power’ in Byram, Apria brandsÂ
August 9, 2023Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor execs say they remain “bullish” on the company’s Patient Direct segment, which has posted double-digit growth for four consecutive quarters, but the home respiratory category, specifically, isn’t where they’d like to see it.
Patient Direct’s revenue for the second quarter of 2023 was $633 million, up 10.5% over the same period in 2022.
“It is clear that the powerful brands of Byram and Apria are working...
In brief: GAO denies protest, OM reports growth, Numotion launches website
August 4, 2023HME News Staff
WASHINGTON – The Government Accountability Office has denied a protest by B&B Medical Services of six contracts for in-home oxygen and ventilator services awarded by the Department of Veterans Affairs to Apria Healthcare.
B&B argued that the VA’s solicitation did not properly reflect its requirements, the agency failed to consider a corporate transaction relevant to its evaluation of the awardee's responsibility and technical capability, Apria misrepresented the availability...
OM’s Patient Direct segment continues to boost biz
August 4, 2023HME News Staff
RICHMOND, Va. – Owens & Minor reported consolidated revenue of $2.56 billion in the second quarter of 2023, an increase of 2.5% compared to the second quarter of 2022.
Of that, the company’s Patient Direct division had revenue of $633 million, up 10.5%.
“The second quarter of 2023 shows a continuation of our Patient Direct segment’s exceptional performance, with another quarter of double-digit growth and strength across the major categories that we serve,”...
Owens & Minor stays on path for rapid growth
May 12, 2023Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor execs say they are “thrilled” with the growth of the company’s Patient Direct segment, led by Apria and Byram Healthcare, which continues to outpace the market.
Revenues for the segment grew by 10.4% on a year-over-year basis, and nearly all of its major product categories saw double-digit growth, said President and CEO Edward Pesicka on a call to discuss the company’s first quarter earnings for 2023.
“This rapid...
OM Patient Direct segment continues double-digit growth
May 5, 2023HME News Staff
RICHMOND, Va. – Owens & Minor reported consolidated revenue of $2.5 billion for the first quarter ended March 31, 2023. Of that, Patient Direct revenue was $607 million, up 10.4% compared to the first quarter of 2022 on a pro forma basis. “Our Patient Direct segment continues to outperform the market and once again was a significant driver of our year-over-year top-line growth and margin expansion during the quarter,” said Edward Pesicka, president and CEO. “As we outlined...
In brief: Homecare Champ, new home infusion code, supplies survey, seat elevation comments
March 24, 2023HME News Staff
DALLAS – Kam Yuricich has been named the 2023 Van Miller Homecare Champion for her achievements as the executive director for OAMES and the Great Lakes Home Medical Equipment Association.
Yuricich will be honored at the Stand Up For Homecare reception at Medtrade in Dallas on Wednesday, March 29.
“Kam is a star and a stalwart for HME,” says Tom Ryan, AAHomecare president and CEO. “She’s brought home bottom-line wins for her members and she’s also...
OM lays off 60-plus employeesÂ
March 21, 2023HME News Staff
RICHMOND, Va. – Owens & Minor has laid off 61 employees in Franklin, Mass., according to a WARN notice filed with the state. The company, which announced a realignment on Feb. 28, laid off the employees nine days earlier on Feb. 17, according to the notice. Owens & Minor officials said during a conference call to discuss the company’s fourth quarter and year-end financial results that they had kicked off an ambitious, companywide program to “right size” the...
Owens & Minor: ‘We’re not waiting’
March 3, 2023Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor has kicked off an ambitious, companywide program to “right size” the business in the face of new market conditions, said company execs on a call to discuss its fourth quarter and full year 2022 earnings.
The move is expected to drive $30 million of adjusted operating income in 2023 and provide between $250 million and $400 million of working capital benefits by 2025, said Edward Pesicka, president and CEO.
“Look, we're not...