RICHMOND, Va.--(BUSINESS WIRE)--Owens & Minor, Inc. (NYSE:OMI) announced that effective October 1, 2014, it has completed the previously announced acquisition of Medical Action Industries Inc. Owens & Minor acquired all outstanding shares of Medical Action for $13.80 per share in cash, or approximately $207 million, including assumed debt, net of cash. Owens & Minor funded the transaction with cash on-hand, which included proceeds from its recently completed public offering of Senior Notes.
“We are excited with the acquisition of Medical Action, which enhances our capabilities, opens new channels to our healthcare customers and adds new teammates with great expertise in healthcare,” said James L. Bierman, president & chief executive officer of Owens & Minor. “By giving our provider and manufacturer customers a more open, cost-effective and scalable solution for unitized delivery of products to the patient, we are increasing our value to customers and shareholders. We are very pleased to welcome the Medical Action teammates to Owens & Minor.”
Help employers find you! Check out all the jobs and post your resume.
