Hanover-based Owens & Minor plans $710m acquisition

John Reid Blackwell | Richmond Times-Dispatch

Owens & Minor Inc. announced the largest acquisition in the company’s history — a $710 million cash deal to buy the surgical and infection prevention business of Georgia-based Halyard Health Inc.

“This is a significant step that will strengthen and diversify our business model with a market-leading portfolio of surgical and infection prevention products,” said P. Cody Phipps, chairman, president and chief executive officer of Owens & Minor.

That deal extends the company’s sales of medical supplies beyond hospital settings and into home health care.

The deal is expected to close in the first quarter of 2018, subject to regulatory approvals.

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