MedTech Dive July 25, 2024
Rotech will help Owens & Minor get closer to its 2028 sales goal with home medical equipment, including sleep and oxygen devices, hospital beds and wheelchairs.
Dive Brief:
- Owens & Minor on Tuesday agreed to buy home medical equipment company Rotech Healthcare Holdings for $1.36 billion.
- Orlando, Florida-based Rotech has more than 4,200 employees and provides products and services in 46 states. The takeover is expected to close by the end of 2024.
- Rotech is “fairly heavily deep into sleep and oxygen,” Jonathan Leon, Owens & Minor’s interim CFO, told investors Tuesday. The acquiring company expects a significant number of patients to continue to need such products despite the growing use of GLP-1 drugs.
Dive Insight:
Owens &...
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