Tag: patient direct
OM discusses ‘complicated quarter,’ fastest growing products
May 3, 2024Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor’s Patient Direct segment saw “minimal impact” on its top line growth from the Change Healthcare cyberattack, but it did see more of an impact on receivables, say company execs.
On a recent call to discuss its earnings for the first quarter 2024, Edward Pesicka, president & CEO, said the company was still working to clear up backlogs.
“We were not immune from the impact; however, we are currently working with Change Healthcare...
OM’s Patient Direct delivers despite ‘unique challenges’
May 3, 2024HME News Staff
RICHMOND, Va. – Owens & Minor reported consolidated revenue of $2.6 billion in the first quarter of 2024, representing year-over-year growth of 4%.
Of that, Patient Direct revenue was $638 million, up 5%.
“Our solid performance in the first quarter was in line with our expectations, as we delivered top-line growth in both segments, adjusted operating margin expansion and improved year-over-year profitability,” said Edward Pesicka, president & CEO. “At the...
Owens & Minor bullish on ‘growth engine’
February 23, 2024Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor executives say they will use the company’s Patient Direct business to underpin a five-year strategic plan as the segment continues to outpace the market.
Owens & Minor in December unveiled its Vision 2028 plan, which identified critical components for long term success: accelerating growth in areas of the business with high potential, optimizing businesses to drive stronger long-term profitability, and leveraging its strong balance sheet by investing...
Owens & Minor stays on path for rapid growth
May 12, 2023Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor execs say they are “thrilled” with the growth of the company’s Patient Direct segment, led by Apria and Byram Healthcare, which continues to outpace the market.
Revenues for the segment grew by 10.4% on a year-over-year basis, and nearly all of its major product categories saw double-digit growth, said President and CEO Edward Pesicka on a call to discuss the company’s first quarter earnings for 2023.
“This rapid...
OM’s Patient Direct business ‘tracking ahead of expectations’
November 4, 2022Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor’s Patient Direct business saw double-digit organic growth across all categories in the third quarter, say company execs.
The Patient Direct segment includes sleep, diabetes, urology, ostomy, and continence and wound care products and supplies.
“The synergies we are generating within our Patient Direct business are tracking ahead of expectations,” said Alex Bruni, executive vice president and CFO, during a recent call to discuss...
Owens & Minor ‘captures increased CPAP opportunities’
November 2, 2022HME News Staff
RICHMOND, Va. – Owens & Minor reported revenue of $594 million for its Patient Direct segment, a 142% increase.
“I am very pleased with the performance and operational execution throughout all aspects of the Patient Direct Segment, including the capture of increased CPAP opportunities, and overachievement of acquisition synergies,” said Edward Pesicka, president and CEO. “This exceptional performance was supported by deep adoption of the Owens & Minor Business...
OM credits ‘consistent and strong’ supplies biz
August 5, 2022Theresa Flaherty, Managing Editor
RICHMOND, Va. – Above-market growth in its Byram Healthcare business contributed to a strong quarter for Owens & Minor’s Patient Direct division, company execs said on a recent earnings call.
Byram saw double-digit growth across all major product categories in its portfolio of disposable medical supplies, say execs.
“Our Patient Direct business is consistent and strong, driving recurring revenue as it focuses on serving patients with chronic lifelong conditions...