RICHMOND, Va.--(BUSINESS WIRE)--Owens & Minor (NYSE: OMI) announced that effective September 30, 2006, it completed the previously announced acquisition of certain assets of the acute-care medical and surgical supply distribution business of McKesson Medical-Surgical, a business unit of McKesson Corporation (NYSE: MCK). The transaction was closed following a successful federal regulatory review and satisfaction of customary closing conditions. On July 11, 2006, Owens & Minor and McKesson announced that the two companies had signed a definitive purchase agreement. Owens & Minor acquired the business for approximately $165 million, including net inventory valued at approximately $122 million. The acquisition, funded by available cash and financing under the company’s existing bank revolver, is expected to generate at least $800 million in incremental annual revenue for Owens & Minor.
