Owens & Minor 'expands continuum' with Byram acquisition
By Theresa Flaherty, Managing Editor
Updated Thu May 4, 2017
RICHMOND, Va. - Owens & Minor, a global healthcare services company providing supply chain services to healthcare providers and manufacturers, has agreed to pay about $380 million for Byram Healthcare, it announced May 2.
The White Plains N.Y.-based Byram is a leading supplier of home medical supplies, including ostomy, wound care, urology, diabetes and incontinence supplies.
“Expanding across the continuum of care is a strategic imperative for us,” said P. Cody Phipps, president and CEO of Owens & Minor in a press release. “With the addition of Byram to the Owens & Minor family, we can quickly advance our strategic agenda with providers and manufacturers by expanding our reach beyond the hospital setting all the way to the patient's home.”
Of particular attraction for Owens & Minor: Byram's portfolio of more than 600 payer contracts covering 200 million lives.
The deal is the latest in the popular home medical supplies space. In 2016, Coloplast acquired Comfort Medical for $160 million; and Domtar acquired Home Delivery Incontinence Supplies for $45 million. In 2015, C.R. Bard acquired Liberator Medical for $181 million. C.R. Bard was just acquired in April by Becton Dickinson and Company for $24 billion.
Owens & Minor is expected to close the transaction in the third quarter of 2017.
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