Owens & Minor
Healthcare solutions company providing medical products, distribution, and technology to hospitals, privately held by Platinum Equity since December 2025.
Company Type
private
Founded
1882
Headquarters
Richmond, Virginia, USA
Revenue
Approximately $8 billion (P&HS segment, pre-divestiture basis)
Employees
Approximately 20,000
Primary Market
United States
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About Owens & Minor
Who owns Owens & Minor now?
Platinum Equity owns Owens & Minor as a private portfolio company since December 31, 2025. The former public parent, renamed Accendra Health, retains a 5% stake.
Is Owens & Minor publicly traded?
No. It became a private company on December 31, 2025. The public company it split from now trades as Accendra Health on the NYSE and is a separate business.
When was Owens & Minor founded?
In 1882 in Richmond, Virginia, by Otho Owens and George Minor as a drug wholesaler, making it one of America's oldest healthcare companies.
What is the difference between Owens & Minor and Accendra Health?
Owens & Minor is the privately held hospital supply business owned by Platinum Equity. Accendra Health is the publicly traded home-care company (Apria and Byram brands) that emerged from the same former parent. They are separate companies.
What is Owens & Minor's market position?
It is the second-largest medical supply distributor in the US behind McKesson Medical-Surgical, serving hospitals and health systems with distribution and HALYARD-branded products.
History of Owens & Minor
The company began in 1882 in Richmond, Virginia, when Otho Owens and George Minor founded a drug wholesaler serving physicians and hospitals. It grew into a regional medical supply distributor and went public in 1988, then expanded nationally through acquisition into a Fortune 500 medical logistics company.
The 2010s added a branded products arm through the approximately $710 million purchase of Kimberly-Clark's healthcare business, which brought the HALYARD line. A bigger pivot came with home care: Byram Healthcare was acquired in 2017, followed by the larger $1.45 billion Apria acquisition in 2022, which moved the company beyond hospital supply into home-based care for chronic patients.
That split identity did not last. In October 2025 the company announced it would sell the Products & Healthcare Services segment, the hospital distribution and products business carrying the Owens & Minor name, to Platinum Equity for $375 million plus a retained 5% stake. The deal closed December 31, 2025. The public entity renamed itself Accendra Health to focus entirely on home-based care, while the 143-year-old Owens & Minor name continued under private equity ownership.
Brands Owned by Owens & Minor
Owens & Minor owns 1 brand in our database. Explore the ownership tree below — click categories to expand and see individual brands.
Owens & Minor
private · Founded 1882 · Richmond, Virginia, USA
1
brands
Owens & Minor Ownership: Pros & Cons
Advantages
- +143-year-old brand with deep hospital relationships
- +Number-two position in US medical supply distribution
- +Private ownership allows restructuring without quarterly pressure
- +HALYARD provides branded product margin on top of distribution
- +Scale and contracts create switching costs with health systems
Considerations
- -Distribution margins are structurally thin
- -Private ownership reduces transparency for customers and observers
- -Competes against larger McKesson and integrated Medline
- -Separating from the public company means standing up independent operations
- -Healthcare supply is commoditized with pricing pressure from GPOs
Frequently Asked Questions About Owens & Minor
Who owns Owens & Minor now?
Platinum Equity owns Owens & Minor as a private portfolio company since December 31, 2025. The former public parent, renamed Accendra Health, retains a 5% stake.
Is Owens & Minor publicly traded?
No. It became a private company on December 31, 2025. The public company it split from now trades as Accendra Health on the NYSE and is a separate business.
When was Owens & Minor founded?
In 1882 in Richmond, Virginia, by Otho Owens and George Minor as a drug wholesaler, making it one of America's oldest healthcare companies.
What is the difference between Owens & Minor and Accendra Health?
Owens & Minor is the privately held hospital supply business owned by Platinum Equity. Accendra Health is the publicly traded home-care company (Apria and Byram brands) that emerged from the same former parent. They are separate companies.
What is Owens & Minor's market position?
It is the second-largest medical supply distributor in the US behind McKesson Medical-Surgical, serving hospitals and health systems with distribution and HALYARD-branded products.
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