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

Platinum Equity, an American private equity investment firm, agreed to acquire 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. Financial terms were not disclosed. "We are pleased to provide Owens & Minor a divestiture solution for P&HS and are grateful for the continued partnership. With the support of Platinum’s operational capabilities, we are excited about further enhancing P&HS’s global capabilities to deliver essential products and services when and where its customers need," Jacob Kotzubei, Platinum Equity Co-President.