PLATINUM EQUITY TO ACQUIRE PRODUCTS & HEALTHCARE SERVICES BUSINESS FROM OWENS & MINOR

Core Insights - Platinum Equity has entered into a definitive agreement to acquire the Products & Healthcare Services (P&HS) segment of Owens & Minor, with Owens & Minor retaining a 5% equity stake in the business [1][5]. Group 1: Company Overview - P&HS is a vertically-integrated medical supply distribution platform primarily serving the acute care market, recognized as a leading national distributor of medical and surgical supplies for hospitals and healthcare providers across the U.S. [2]. - Platinum Equity has a history of investing in healthcare and supply chain businesses, with 30 years of experience in acquiring and operating global businesses from large corporate entities [3][4]. Group 2: Strategic Intent and Market Dynamics - Platinum Equity aims to enhance P&HS's global capabilities to deliver essential products and services, leveraging its operational expertise and commitment to growth [3][4]. - The aging U.S. population and increasing demand for healthcare services are expected to drive sustainable long-term demand for medical supplies distribution, making the acquisition attractive for Platinum Equity [5]. Group 3: Transaction Details - The transaction is anticipated to close near the end of the year, pending regulatory review and customary closing conditions [5]. - Financial advisors for Platinum Equity include Bank of America and Fifth Third, while Citi and Wells Fargo are advising Owens & Minor [6].