Owens & Minor to Celebrate 125th Anniversary By Ringing the NYSE Closing Bell(R) on October 24, 2007
In celebration of its 125th anniversary year, Owens & Minor (NYSE:OMI) will ring The Closing Bell on the New York Stock Exchange on Wednesday, October 24, 2007, at 4:00 p.m. eastern time. Members of the executive leadership team will perform the ceremonial duties. Owens & Minor is a FORTUNE 500 company and the nation’s leading distributor of national name-brand medical and surgical supplies to the acute-care market and a healthcare supply-chain management company.
Founded in 1882 in Richmond, Virginia, the company first opened its doors as a wholesale drug company to serve the growing need for supplies in Virginia and North Carolina. Today, Owens & Minor distributes critical medical and surgical supplies to approximately 4,000 healthcare provider customers from its distribution centers located throughout the United States. In the rapidly changing healthcare market, hospitals also turn to Owens & Minor for vital supply-chain management solutions including, inventory management services, innovative deployment of technology, and warehousing and outsourcing.
“Reaching this significant milestone is a real tribute to the strength of our customer and supplier relationships and to the hard work and dedication of the thousands of teammates who have served our company over the last 125 years,” said G. Gilmer Minor, III, chairman of the Owens & Minor board of directors. “We are proud of our part in servicing the healthcare industry for more than 12 decades and look forward to continuing that service for years to come.”
The company’s customer base consists of the nation’s hospitals, integrated healthcare systems, alternate care locations, and the federal government, as well as individual consumers of certain healthcare products. With annualized revenues approaching $7 billion, the company, under the leadership of President & CEO Craig R. Smith, continues to grow at a strong pace, expanding its customer base and expertise in healthcare.
The company is also distinguished by the continuing involvement of one of the founding families through Chairman of the Board & Retired CEO, G. Gilmer Minor, III, the fourth member of the Minor family to lead the company. Widely known for its customer- and teammate-focused culture, Owens & Minor sets high standards for serving customers, doing business with integrity and supporting the well-being of business partners and its teammates – as employees are called at Owens & Minor. The company also encourages and supports its teammates as they volunteer time, energy and money to community service and non-profit organizations nationwide.
Accessing photos, live video or webcast:
Photos are available via Associated Press/New York (212.621.1902), Reuters America (646.223.6285) and Bloomberg Photo (212.617.3420) Video coverage of the Closing Bell (starting at 3:55 p.m. EDT on Wednesday, October 24, 2007) is available via fiber line at Ascent #1630.
Owens & Minor, Inc., (NYSE:OMI) a FORTUNE 500 company headquartered in Richmond, Virginia, is the leading distributor of national name-brand medical and surgical supplies and a healthcare supply chain management company. With a diverse product and service offering and distribution centers throughout the United States, the company serves hospitals, integrated healthcare systems, alternate care locations, group purchasing organizations, the federal government and consumers. Owens & Minor provides technology and consulting programs that enable healthcare providers to maximize efficiency and cost-effectiveness in materials purchasing, improve inventory management and streamline logistics across the entire medical supply chain–from origin of product to patient bedside. The company also has established itself as a leader in the development and use of technology. For news releases, or for more information about Owens & Minor, visit the company Web site at www.owens-minor.com.