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Owens & Minor (OMI) has shared an announcement.
Owens & Minor, Inc. has entered into a definitive Merger Agreement to acquire Rotech Healthcare Holdings Inc. for $1.36 billion in cash, with Rotech becoming a wholly owned subsidiary post-merger. The deal, expected to close by July 22, 2025, subject to regulatory approvals and other customary conditions, also includes an irrevocable consent by majority Rotech shareholders. The acquisition is to be financed through debt, including a term loan and a senior unsecured bridge loan provided by Citi. Concurrently, Owens & Minor has issued a joint press release and investor presentation, and will discuss the transaction details in an upcoming conference call.
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