Platinum Equity completed the acquisition of the products & healthcare services business of Owens & Minor for $375m.

Platinum Equity, an American private equity investment firm, completed the acquisition of the products & healthcare services business of Owens & Minor, a global healthcare solutions company, for $375m. Owens & Minor will retain a 5% equity stake in the business. "For more than 140 years, Owens & Minor has been guided by a strong sense of purpose, and we are proud to support its next chapter as a standalone business. With our sector expertise, carve-out experience, and operational resources, we can help the company become an even more agile and responsive partner to the healthcare industry it serves. We will work with the company to strengthen its foundation, expand its capabilities, and ensure it continues delivering essential products and services when and where customers need them most," Jacob Kotzubei, Platinum Equity Co-President.