Owens & Minor Inc was founded in 1882 and incorporated in 1926 in Richmond, Virginia. The Company is a healthcare logistics company that connects the world of medical products to the point of care. It provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices in the United States and Europe. The Company on August 31, 2012, acquired the Movianto Group (Movianto), an established European healthcare third-party logistics provider. The Company's domestic segment includes all functions in the United States relating to Company's role as a healthcare services company providing distribution and logistics services to healthcare providers and manufacturers. The International segment consists of Movianto, Company's European third-party logistics service. The Company's competitors are Cardinal Health, Inc. and privately-held Medline, Inc. The Domestic segment had 43 distribution centers as well as office and warehouse space across the United States. The International segment leases18 and owns two logistics centers across 11 European countries. The Company provides distribution, outsourced resource management and/or consulting services to thousands of healthcare provider customers which include multi-facility networks of healthcare providers offering a broad spectrum of healthcare services to a particular market or markets (IHNs) as well as smaller, independent hospitals in the United States. The medical/surgical supply distribution industry is subject to regulation by federal, state and local government agencies.
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