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Owens & Minor, Inc. to acquire Rotech Healthcare Holdings, Inc. for $1.36 Billion in Cash

Jul 23, 2024•over 1 year ago

Acquiring Company

Owens & Minor

Acquired Company

Rotech Healthcare Holdings

MechanicsvilleOrlandoHealth CareMobileInformation TechnologyMedicalHealth Care

Description

Owens & Minor, Inc. has entered into a definitive agreement to acquire Rotech Healthcare Holdings, Inc., a nationally recognized home medical equipment provider. The acquisition, valued at $1.36 billion in cash, aligns with Owens & Minor’s strategy to expand in the fast-growing home-based care space and provide improved service and experience to patients, providers, and payors. The transaction is expected to close by the end of 2024.

Company Information

Company

Owens & Minor

Location

Mechanicsville, Virginia, United States

About

Owens & Minor, Inc. is a global healthcare solutions company that incorporates product manufacturing, distribution support and innovative technology services to deliver significant and sustained value across the breadth of the industry – from acute care to patients in their home. Aligned to its Mission of Empowering Our Customers to Advance HealthcareTM, more than 15,000 global teammates serve over 4,000 healthcare industry customers. A vertically-integrated, predominantly Americas-based footprint enables Owens & Minor to reliably supply its self-manufactured surgical and PPE products. This seamless value chain integrates with a portfolio of products representing 1,200 branded suppliers. Operating continuously since 1882 from its headquarters in Richmond, Virginia, Owens & Minor has grown into a FORTUNE 500 company with operations located across North America, Asia, Europe and Latin America. For more information about Owens & Minor, visit owens-minor.com, follow @Owens_Minor on Twitter and connect on LinkedIn at www.linkedin.com/company/owens-&-minor.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed