#USA #Los Angeles #Platinum Equity #healthcare services #Owens & Minor

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

LOS ANGELES, October 7, 2025 – Platinum Equity is set to make a significant addition to its portfolio by acquiring the Products & Healthcare Services (P&HS) segment from Owens & Minor, a leading medical supply distributor. This move reflects Platinum's strategic interest in enhancing healthcare services while ensuring that Owens & Minor retains a minority stake of 5% in the business.

Understanding P&HS's Role
P&HS is a vertically-integrated medical supply distribution platform that primarily serves the acute care market within the U.S. It stands as a key national distributor of medical and surgical supplies, catering to hospitals, health systems, and other healthcare providers across the nation. With this acquisition, Platinum aims to build on the existing service framework and foster growth opportunities in a vital sector.

Insight from Leadership
Jacob Kotzubei, Co-President of Platinum Equity, outlined the importance of this divestiture: "Owens & Minor has played a vital role in supporting healthcare providers and patients across the country. With Platinum's operational capabilities, we aim to enhance PHS's global capabilities to deliver critical products and services to our customers whenever and wherever they are needed."

Edward A. Pesicka, President and CEO of Owens & Minor, echoed this sentiment, emphasizing that the new partnership would allow PHS to evolve and adapt in a rapidly changing healthcare landscape. He remarked, "Platinum's commitment to maintaining our customer-centric operations and strategically investing in this segment is key to our stakeholders' future."

Market Trends & Future Outlook
Platinum Equity's Managing Director, Matthew Louie, pointed out that the profile of P&HS aligns well with emerging macroeconomic trends, particularly the aging U.S. population and an increasing demand for healthcare services. "We believe the demand for medical supplies distribution will remain robust in the long term," said Louie. He expressed excitement about the potential for PHS to thrive as an independent entity under Platinum's stewardship.

Operational Expertise at Play
With a history spanning 30 years in acquiring and operating diverse global businesses, Platinum Equity is well-versed in optimizing supply chains and healthcare services. The firm has previously acquired segments from several major corporations, establishing a track record of successful operational transformations. Platinum's experience is expected to create significant value in PHS's operations, ensuring it meets the evolving needs of a dynamic healthcare market.

Closing Anticipation
The transaction is expected to close later this year, pending regulatory approvals and customary closing conditions. As financial advisories, Bank of America and Fifth Third are guiding Platinum Equity, while Citi and Wells Fargo are advising Owens & Minor. Legal consultations are being managed by industry leaders Gibson, Dunn & Crutcher LLP for Platinum and Kirkland & Ellis for Owens & Minor.

About Platinum Equity
Founded in 1995, Platinum Equity is a global investment firm with around $50 billion in assets under management, overseeing approximately 60 operating companies worldwide. The firm's strategy emphasizes mergers, acquisitions, and operations, a method they have trademarked as MAO® (Merge, Acquire and Operate). Over the past three decades, Platinum has executed more than 500 successful acquisitions, proving its capability and reliability in the investment arena.

This acquisition marks an essential step for both Platinum Equity and Owens & Minor, ensuring that the healthcare sector continues to adapt and thrive amidst ongoing challenges. As the market looks to the future, stakeholders are optimistic about the potential enhancements and innovations that this partnership will bring.