Owens & Minor Acquires Rotech Healthcare for $1.36 Billion
June 23, 2024
Owens & Minor (NYSE: OMI) has entered into a definitive agreement to acquire Rotech Healthcare Holdings, Inc., a national provider of home medical equipment based in Orlando, Florida, for $1.36 billion in cash (net purchase price approximately $1.32 billion after tax benefits). Rotech operates ~325 locations across 46 states with over 4,200 employees and generated about $750 million of revenue in 2023; Owens & Minor says the deal strengthens its Patient Direct segment and is expected to close by the end of 2024.
- Buyers
- Owens & Minor, Inc.
- Targets
- Rotech Healthcare Holdings, Inc.
- Industry
- Healthcare Services
- Location
- Florida, United States
- Transaction Type
- Buyout
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