Owens & Minor buys disposable med products maker


Healthcare logistics firm Owens & Minor (OMI) will acquire custom procedure tray producer Medical Action Industries (MDCI) for $13.80/share in cash. The total value of the transaction is $208M including the assumption of debt. The deal is expected to close in Q4.

The two companies are closely related considering 45% of MDCI's ~$288M in sales are to OMI. The move advances OMI's strategy of connecting medical products to the point of care.

Shares are up 94% premarket on robust volume.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs