Platinum Equity has announced it acquired the Products & Healthcare Services (P&HS) segment of Owens & Minor.
Owens & Minor P&HS, based in Richmond, Virginia, is a medical supply distribution platform primarily serving the U.S. acute care market.
Platinum Equity, founded in 1995 and based in Los Angeles, is a global investment firm. The firm specializes in private equity buyouts and invests in a wide range of sectors.
Owens & Minor, which was rebranded as Accendra Health effective Dec. 31, 2025, is a Fortune 500 global healthcare solutions company providing products and services that support care from the hospital to the home. The company retained a 5 percent interest in Owens & Minor P&HS following the transaction.