Owens & Minor to acquire Halyard Health.

Owens & Minor has acquired the surgical and infection prevention business of Halyard Health for $710 million in cash. After the acquisition, Owens & Minor takes a significant step in transforming its business into a global healthcare solutions provider. This transaction expands Owens & Minor’s reach into new markets around the world, develops its presence in the medical products segment, and opens new channels for growth. The acquisition will also add greater scale to Owens & Minor’s existing own-brand product portfolio and help to expand the company’s addressable markets. “The S&IP business provides a global manufacturing network, a strong pipeline of new products, and a successful track record of product development. Additionally, the S&IP business will add scale to our existing own-brand product portfolio and our global sales team, contributing to the expansion of the markets we serve.” P. Cody Phipps, Owens & Minor Chairman, President & Chief Executive Officer.