Owens & Minor rises after Rotech Healthcare deal termination

Accendra Health

05/06/2025 14:24

** Shares of medical supplies distributor Owens & Minor OMI.N rise 5% to $6.99 premarket

** OMI says it has mutually agreed with Rotech Healthcare Holdings to terminate the previously announced acquisition

** Under the terms of the merger agreement, OMI has paid $80 million to Rotech Healthcare

** Co in July said it has agreed to buy medical equipment firm Rotech Healthcare for $1.36 billion in cash to expand its presence in home-based care

** Co also said in February it was commencing a process to raise additional debt to finance its Rotech acquisition

** "We continue to work with a number of interested parties around the potential sale of our Products and Healthcare Services business, and, in the meantime, we will continue to actively work to strengthen that business and tap into its significant upside," says CEO Edward A. Pesicka

** Up to last close, stock down 49% YTD

 (Reporting by Siddhi Mahatole)

 ((siddhi.mahatole@thomsonreuters.com))