RICHMOND, Va.--(BUSINESS WIRE)--
Owens & Minor, Inc. (NYSE:OMI) announced that, effective August 31,
2012, it has completed the previously announced acquisition of the
majority of the Movianto Group, a leading European healthcare
third-party logistics (3PL) business, from Celesio AG, for approximately
€130 million. The acquisition, which was funded by available cash, is
expected to be dilutive to earnings per share in 2012, neutral in 2013
and accretive thereafter.
Movianto serves pharmaceutical and medical device manufacturer customers
globally from 23 logistics centers in 11 European countries with
approximately 1,800 teammates, providing warehousing, transportation,
and cold chain logistics, as well as value-added services such as
order-to-cash, repackaging and relabeling of products. Movianto's
operational capabilities and services are highly complementary to those
of OM HealthCare Logistics, Owens & Minor's domestic healthcare 3PL
service, and the combination will enable Owens & Minor to offer
healthcare manufacturers in the U.S. and Europe expanded global reach.
"Movianto provides Owens & Minor with a premier European healthcare
logistics service and also gives us a global platform from which to
serve our healthcare manufacturer customers," said Craig R. Smith,
president & chief executive officer. "This acquisition immediately
increases our scope and scale in the third party logistics arena. Our
manufacturer partners are asking for our assistance on a global basis,
and now, with Movianto, we can offer them a comprehensive 3PL solution.
We look forward to welcoming the Movianto team to the Owens & Minor
About Owens & Minor, Inc.
Owens & Minor, Inc. (NYSE: OMI) a FORTUNE 500 company headquartered in
Richmond, Virginia, is a leading national distributor of name-brand
medical and surgical supplies and a healthcare supply-chain management
company. Owens & Minor is also a member of the Russell 2000® Index,
which measures the performance of the small-cap segment of the U.S.
equity universe, as well as the S&P MidCap 400, which includes companies
with a market capitalization of $1 billion to $4.4 billion that meet
certain financial standards. With a diverse product and service offering
and distribution centers throughout the United States, the company
serves hospitals, integrated healthcare systems, alternate site
locations, group purchasing organizations, healthcare suppliers, and the
federal government. Owens & Minor provides technology and consulting
programs that improve inventory management and streamline logistics
across the entire medical supply chain — from origin of product to
patient bedside. For news releases, or for more information about Owens
& Minor, visit the company website at www.owens-minor.com.
Owens & Minor, Inc.
Truitt Allcott, Director, Investor & Media
Graves, Director, Finance & Investor Relations, 804-723-7556
Source: Owens & Minor
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