Key Takeaways
- • Platinum Equity has completed its acquisition of Owens & Minor Products & Healthcare Services (P&HS), a vertically integrated medical supply distribution platform headquartered in Richmond, VA, with the business operating as a standalone company in Platinum's portfolio under the Owens & Minor brand.
- • The original Owens & Minor seller retained a five percent equity interest in the carved-out business and rebranded its remaining operations as Accendra Health, Inc., effective December 31, 2025, signaling a strategic separation of distribution and healthcare services divisions.
- • Owens & Minor P&HS is a leading national distributor of medical and surgical supplies serving acute care markets, including hospitals, health systems, and healthcare providers across the United States, with a 140-year operational history.
- • Platinum Equity brings 30 years of carve-out and operational experience across healthcare and supply chain sectors, with recent precedent acquiring businesses from industrial giants including Caterpillar, Emerson Electric, Ingersoll Rand, and Kohler, positioning the firm to enhance the business's agility and market responsiveness.
Summary
Platinum Equity announced the completion of its acquisition of Owens & Minor Products & Healthcare Services on December 31, 2025, establishing the business as a standalone, privately held portfolio company. The transaction preserves the Owens & Minor brand identity and maintains operational headquarters in Richmond, Virginia. The seller retained a minority five percent stake in the carved-out entity while simultaneously rebranding its remaining healthcare operations under the new Accendra Health banner, reflecting a strategic bifurcation of the former integrated business.
Owens & Minor P&HS operates as a vertically integrated medical supply distribution platform with primary focus on acute care markets. The company functions as a national distributor of medical and surgical supplies, serving hospitals, health systems, and other healthcare providers. The business brings more than 140 years of operational history to the transaction, suggesting established market relationships and institutional credibility within the healthcare supply chain ecosystem.
Platinum Equity's acquisition strategy emphasizes leveraging its demonstrated carve-out expertise and sector-specific operational resources. Jacob Kotzubei, Co-President of Platinum Equity, characterized the firm's value proposition as enhancing agility, strengthening operational foundations, and expanding capabilities to serve healthcare customers more responsively. Platinum's track record spans 30 years of acquiring and operating businesses previously embedded within large corporate structures, with recent marquee examples including carve-outs from Caterpillar, Emerson Electric, Ingersoll Rand, and Kohler. This portfolio demonstrates Platinum's competency in transforming divested business units into independently optimized enterprises, a capability directly applicable to the Owens & Minor separation from its parent organization.
Owens & Minor P&HS operates as a vertically integrated medical supply distribution platform with primary focus on acute care markets. The company functions as a national distributor of medical and surgical supplies, serving hospitals, health systems, and other healthcare providers. The business brings more than 140 years of operational history to the transaction, suggesting established market relationships and institutional credibility within the healthcare supply chain ecosystem.
Platinum Equity's acquisition strategy emphasizes leveraging its demonstrated carve-out expertise and sector-specific operational resources. Jacob Kotzubei, Co-President of Platinum Equity, characterized the firm's value proposition as enhancing agility, strengthening operational foundations, and expanding capabilities to serve healthcare customers more responsively. Platinum's track record spans 30 years of acquiring and operating businesses previously embedded within large corporate structures, with recent marquee examples including carve-outs from Caterpillar, Emerson Electric, Ingersoll Rand, and Kohler. This portfolio demonstrates Platinum's competency in transforming divested business units into independently optimized enterprises, a capability directly applicable to the Owens & Minor separation from its parent organization.
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