Profile: Owens & Minor Inc (OMI.N)

OMI.N on New York Stock Exchange

34.67USD
22 Jul 2014
Price Change (% chg)

$0.31 (+0.90%)
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Owens & Minor, Inc., incorporated on December 20, 1993, is a provider of third-party logistics (3PL) services to manufacturers and suppliers of healthcare and life-science products. The Company operates in two segments domestic and international. The Company is a Fortune 500 company providing distribution, third-party logistics, and other supply-chain management services to healthcare providers and suppliers of medical and surgical products, and is a national distributor of medical and surgical supplies to the acute-care market in the United States. Its OM HealthCare Logistics (OM HCL) third-party logistics service was launched in 2010 and began offering transportation, warehousing and order-to-cash services to manufacturers.

Its core domestic business consists of the distribution of finished medical and surgical products, including its private label line, to approximately 3,600 healthcare providers in the United States, primarily to the acute-care market. On August 31, 2012, it acquired the Movianto Group (Movianto), an established European third-party-logistics provider.

The Domestic Segment

Domestic segment includes all services in the United States relating to its role as a medical supply logistics company serving healthcare providers and manufacturers. Through its distribution model in the United States, it purchased a volume of medical and surgical products from suppliers, store these items at its distribution centers, and provide delivery of these products and related services to healthcare providers. It has 48 distribution centers located throughout the continental United States that generally serve hospitals and healthcare providers within a 200-mile radius, delivering supplies with a fleet of leased trucks. It offers customers a broad portfolio of products and services. Distribution of medical and surgical supplies to healthcare providers, including its MediChoice private label product line, account for over 95% of its Domestic segment revenues. Additional services include logistics, supplier management, analytics, inventory management, outsourced resource management, clinical supply management and business process consulting.

PANDAC is an operating room-focused inventory management program that helps healthcare providers manage suture and endo-mechanical inventory. It provides detailed analysis and ongoing reporting which enables customers to decrease redundancy and obsolescence and increase inventory turns, which in turn reduces investment in these high-cost products.

SurgiTrack is a customizable surgical supply service that includes the assembly and delivery of surgical supplies in procedure-based totes, based on a healthcare provider’s surgical schedule. The SurgiTrack program also provides analysis designed to enable healthcare providers to standardize products used in procedures, reduce inventory and streamline workflow.

OM Solutions is a supply-chain consulting, customer technology and resource management service offering. OM Solutions implements customized healthcare supply-chain solutions through the integration of people, processes and technologies. Services offered by OM Solutions decrease supply-chain costs while increasing operating efficiency. For example, OM Solutions provides consultants who work one-on-one with hospital staff to standardize and efficiently utilize products, processes and technologies. Other examples of OM Solutions services are value analysis and cost management, cost reduction through the management of purchased services, receiving and storeroom redesign, conducting physical inventories, and configuration of automatic inventory replenishment systems. Additional technology-based services offered by OM Solutions are WISDOM Gold, Clinical Supply Solutions and Implant Purchase Manager.

OM HCL is an offering of customized third-party logistics and order-to-cash services, primarily marketed to suppliers of medical devices and life science companies. This business model provides flexible warehousing and distribution services to meet product requirements. OM HCL provides full order-to-cash services, including reverse logistics and value-added services. The two logistics centers dedicated to OM HCL are state-of-the art facilities that are strategically positioned in central and western locations of the United States. OM HCL’s services are enabled by sophisticated supply-chain management software and technology.

It provides distribution, outsourced resource management and/or consulting services to approximately 3,600 healthcare providers in the United States, primarily hospitals in the acute-care market. Additionally, it offers United States-based customers a private label brand of approximately 2,900 medical and surgical products under its MediChoice brand name which provides cost-saving alternatives. It sources its MediChoice products from a select group of manufacturers known for their service levels. Through its offering of both MediChoice products and branded supplier.

The Company competes with Cardinal Health, Inc.and Medline, Inc.

The International Segment

The International segment includes Movianto, its European third-party logistics service. Its International segment consists of Movianto, which is European contract logistics service provider to the pharmaceutical, biotechnology and healthcare industry, offering a broad range of supply chain services including transportation, warehousing, controlled-substance handling, cold-chain delivery, re-labeling, kitting, packaging and order-to-cash management. Movianto has a diverse customer base of approximately 600 clients and has a network of 22 logistics centers in 11 European countries, including Belgium, Czech Republic, Denmark, France, Germany, Netherlands, Portugal, Slovakia, Spain, Switzerland and the United Kingdom.Movianto delivers product using a fleet of leased and owned trucks, including cold-chain delivery trucks. Contract carriers and parcel services are used in situations where they are more cost-effective and timely.

The Company competes with United Parcel Service, Deutsche Post DHL and FedEx Corporation.

Company Address

Owens & Minor Inc

9120 LOCKWOOD BLVD
MECHANICSVILLE   VA   23116
P: +1804.7237000
F: +1804.7237100

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