#United States #Richmond #Platinum Equity #healthcare services #Owens & Minor

Platinum Equity Completes Acquisition of Owens & Minor Products & Healthcare Services Business

Platinum Equity has successfully completed the acquisition of Owens & Minor Products & Healthcare Services, a strategic move aimed at expanding its influence in the healthcare sector. This acquisition was confirmed on December 31, 2025, and will allow Owens & Minor to maintain its identity as a standalone company under Platinum's vast portfolio.

Owens & Minor, headquartered in Richmond, Virginia, is a significant player in medical supply distribution, primarily serving acute care markets. For over 140 years, the company has established itself as a national distributor, providing essential medical and surgical supplies to hospitals, health systems, and various healthcare providers across the United States. The enduring legacy of Owens & Minor aligns seamlessly with Platinum Equity’s vision for future growth.

Jacob Kotzubei, Co-President of Platinum Equity, expressed enthusiasm for the transition: “For more than 140 years, Owens & Minor has been guided by a strong sense of purpose, and we are proud to support its next chapter as a standalone business.” This acquisition is not just about ownership; it is about empowering Owens & Minor to become an even more responsive partner for the healthcare industry. Kotzubei indicates the firm’s commitment to utilizing its sector expertise and operational resources to enhance Owens & Minor’s capabilities.

Platinum Equity is well-recognized for its extensive experience with carve-outs—purchasing companies from larger corporate structures and refining their operational efficiency. The firm has a proven track record in healthcare and supply chain management, having successfully acquired numerous businesses from prominent firms like Caterpillar and Kohler, and now aims to strengthen Owens & Minor's foundational structure and service offerings.

Matthew Louie, Managing Director at Platinum, emphasized the importance of maintaining continuity during the transition. “Owens & Minor PHS has a proud legacy of putting customers first, and we are excited to help carry that forward,” he stated. This emphasis on customer service and fulfillment performance is crucial as the business adapts to industry changes. The goal set forth by Platinum is to make thoughtful improvements that ensure the company remains agile and aligned with the dynamic healthcare landscape.

To maximize efficiencies, Platinum Equity plans to invest in supply chain enhancements and drive operational excellence across both manufacturing and distribution channels. By doing so, they hope to improve both efficiency and resilience in operations, allowing Owens & Minor to respond better to its clients’ needs.

The acquisition was made with the assistance of several financial advisors, including Bank of America and Fifth Third, who provided guidance to Platinum Equity during the deal. Similarly, Citi and Wells Fargo acted as financial advisors for Owens & Minor, ensuring both parties navigated this significant business transition smoothly.

As a leading investment firm established in 1995 by Tom Gores, Platinum Equity has a strong portfolio with about $50 billion in assets under management, spanning various sectors including healthcare, manufacturing, transportation, and logistics. The firm has successfully completed over 500 acquisitions in its 30-year history. The acquisition of Owens & Minor is not only a strategic investment but also a marking of new beginnings for both companies in their respective missions to excel in the healthcare sector.

In summary, this acquisition represents a strategic alignment that is anticipated to empower Owens & Minor to continue delivering crucial products and services efficiently while setting a strong foundation for future growth under Platinum Equity's stewardship. As the healthcare landscape continues to evolve, this partnership will be vital in responding to the needs of healthcare providers and patients alike.