Owens & Minor sells P&HS segment to Platinum Equity for $375M cash + retained equity

ACCENDRA HEALTH INC/VA/

Cash payment of $375 million at closing, subject to customary adjustments for working capital, net debt, and expenses.
Retains a 5% equity stake and preferred return in the P&HS business, with potential future proceeds from a divestiture.
Retains federal NOL carryforwards and other tax attributes exceeding $150 million.
Transaction expected to close near end of 2025, subject to HSR and other regulatory approvals.
Transforms Owens & Minor into a pure-play home-based care company, exiting the Products & Healthcare Services segment.

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