Platinum Equity Acquires Owens & Minor Products & Healthcare Services Segment (Owens & Minor brand)

Owens & Minor Acquires Apria

March 29, 2022

Healthcare Services

Owens & Minor entered into a definitive agreement to acquire Apria for $37.50 per share in cash, valuing the equity at approximately $1.45 billion (about $1.6 billion including assumed debt and cash). The acquisition was later completed, combining Owens & Minor’s Byram Healthcare business with Apria to expand its Patient Direct home healthcare platform.

Owens & Minor Acquires Rotech Healthcare for $1.36 Billion

June 23, 2024

Healthcare Services

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.

Platinum Equity Acquires Majority Interest in Kohler Energy from Kohler Co.

November 6, 2023

Energy

Platinum Equity has closed the transaction to acquire a majority interest in Kohler Energy from Kohler Co., establishing Kohler Energy as an independent, standalone business. Kohler Co. remains an investment partner, Brian Melka will serve as CEO and David Kohler will sit on the board; financial terms were not disclosed. Platinum Equity said it will invest in growth and operational initiatives to accelerate Kohler Energy's position in the global energy resilience market.

Platinum Equity Acquires ASP Global

August 6, 2024

Healthcare Services

Platinum Equity has acquired ASP Global, an Atlanta-based developer, sourcer and distributor of consumable medical products for healthcare providers and distributors, from Incline Equity Partners. Financial terms were not disclosed; ASP Global CEO Doug Shaver will remain in place as Platinum Equity commits capital and M&A/operational resources to support the company’s continued growth and expansion.

Platinum Equity Acquires Controlling Stake in Inventia Healthcare

August 29, 2024

Pharmaceuticals

Platinum Equity has acquired a controlling stake in Inventia Healthcare Limited's core Oral Solid Dosage (OSD) business from India Life Sciences Fund III (advised by InvAscent), NYLIM Jacob Ballas India Fund III and affiliates of the founding Shah family, with the Shah family retaining a minority stake. Headquartered in Mumbai, Inventia is a U.S. FDA- and MHRA-accredited contract manufacturer and developer of generic OSD products serving more than 100 customers across 40+ countries; Platinum plans to expand the business organically and via add-on acquisitions.

Marlowe plc Acquires Optima Health Group for £135 million

January 20, 2022

Healthcare Services

Marlowe plc has entered into a binding agreement to acquire Optima Health Group Limited for £135 million, funded mainly via a proposed placing of new shares. Optima, headquartered in Redditch, is a leading UK provider of technology-enabled occupational health and employee wellbeing services with c.1,000 employees and strong recurring revenues; Marlowe expects the deal to be accretive and to generate at least £2m of synergies in the first 12 months.