Owens & Minor, Inc.
Stock Symbol: OMI
Owens & Minor, Inc. Industry:
Medical Equipment & Supplies
Owens & Minor, Inc. Description:
Owens & Minor, Inc., a Fortune 500 company headquartered in Richmond, Virginia, is the nation's leading distributor of national name brand medical/surgical supplies. The company's distribution centers throughout the United States serve hospitals, integrated healthcare systems and group purchasing organizations. In addition to its diverse product offering, Owens & Minor helps customers control healthcare costs and improve inventory management through innovative services in supply chain management and logistics. The company has also established itself as a leader in the development and use of technology.
Owens & Minor, Inc. Financial Summary:
For the nine months ended 30 september 2005, Owens & Minor, Inc's revenue increased 7% to $3.6B. Net income increased 8% to $48.7M. Revenues reflect increased income from surgical supplies, serving hospitals and integrated health care systems. Higher income reflects improved gross margins, an increase in other operating income and a decrease in interest income. Owens & Minor, Inc. is distributor of medical/surgical supplies.
Owens & Minor, Inc. Business Summary:
Owens & Minor, Inc. (O&M) is a distributor of national brand name medical and surgical supplies in the United States, and a healthcare supply chain management company, distributing approximately 120,000 finished medical and surgical products produced by over 1,000 suppliers to approximately 4,000 customers from 40 distribution centers nationwide. The Company's customers are primarily acute care hospitals and integrated healthcare networks, which account for more than 90% of O&M's net sales. Other customers include alternate care providers such as clinics, home healthcare organizations, nursing homes, physicians' offices, rehabilitation facilities and surgery centers. Most of O&M's sales consist of consumable goods such as disposable gloves, dressings, endoscopic products, intravenous products, needles and syringes, sterile procedure trays, surgical products and gowns, urological products and wound closure products.