You are here: Home » Reuters » News
Business Standard

Exclusive: Healthcare logistics company Owens & Minor explores sale - sources

Business Finance


By Carl O'Donnell(Reuters) - Owens & Minor Inc is exploring a sale of the company, people familiar with the matter said on Wednesday, as the U.S. medical supplies distributor seeks ways to recover from a string of disappointing earnings. The Mechanicsville, Virginia-based company's shares tumbled as much as 20 percent on Wednesday, the day after it reported fourth-quarter earnings that missed analysts' expectations amid fierce price competition in its hospital supplies business. Owens & Minor is working with investment banks to explore a sale, the sources said, asking not to be named because ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, February 21 2019. 00:09 IST