M&A Deal Summary

Owens & Minor Acquires Rotech

On July 23, 2024, Owens & Minor acquired medical products company Rotech for 1.4B USD

Acquisition Highlights
  • This is Owens & Minor’s 4th transaction in the Medical Products sector.
  • This is Owens & Minor’s 2nd largest (disclosed) transaction.
  • This is Owens & Minor’s 7th transaction in the United States.
  • This is Owens & Minor’s 2nd transaction in Florida.

M&A Deal Summary

Date 2024-07-23
Target Rotech
Sector Medical Products
Buyer(s) Owens & Minor
Deal Type Add-on Acquisition
Deal Value 1.4B USD
Advisor(s) Jefferies (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

Rotech

Orlando, Florida, United States
Rotech provides ventilators, oxygen, sleep apnea treatment, wound care solutions, diabetes management, and home medical equipment products and services in 46 states through approximately 325 operating locations. Rotech is based in Orlando, Florida.

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Buyer(S) 1

Buyer

Owens & Minor

Mechanicsville, Virginia, United States

Category Company
Founded 1882
Sector Distribution
Employees20,000
Revenue 10.3B USD (2023)
DESCRIPTION
Entrance to Owens & Minor's corporate headquarters in Mechanicsville, Virginia.
Entrance to Owens & Minor's corporate headquarters in Mechanicsville, Virginia.

Owens & Minor is a healthcare logistics company that connects the world of medical products to the point of care. Owens & Minor provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. Owens & Minor was founded in 1882 and is based in Richmond, Virginia.


DEAL STATS #
Overall 9 of 9
Sector (Medical Products) 4 of 4
Type (Add-on Acquisition) 6 of 6
State (Florida) 2 of 2
Country (United States) 7 of 7
Year (2024) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Apria

Indianapolis, Indiana, United States

Apria is a provider of integrated home healthcare equipment and related services in the United States. The company offers a comprehensive range of products and services for in-home care and delivery across three core service lines: home respiratory therapy (including home oxygen and non-invasive ventilation (“NIV”) services), obstructive sleep apnea (“OSA”) treatment (including continuous positive airway pressure (“CPAP”) and bi-level positive airway pressure devices, and patient support services), and negative pressure wound therapy (“NPWT”). Additionally, it supplies a wide range of home medical equipment and other products and services to help improve the quality of life for patients with home care needs. Apria was formed in 1924 and is based in Lake Forest, California.

Buy $1.6B