Platinum Equity, a global investment firm founded in 1995 and based in Los Angeles, has acquired the Products & Healthcare Services (P&HS) segment of Owens & Minor. The target, based in Richmond, Virginia, operates as a medical supply distribution platform primarily serving the U.S. acute care market. This acquisition highlights a strategic move within the healthcare private equity landscape, where firms are increasingly targeting specialized distribution platforms to optimize supply chains in acute care settings.

For Owens & Minor, divesting the P&HS segment likely allows for a sharper focus on its core operations, while Platinum Equity gains a critical asset to bolster its healthcare portfolio. The deal underscores the resilience of healthcare services amid economic volatility, as essential medical supply distribution remains a high-demand sector. Investors are closely monitoring how this transaction will impact market consolidation and service efficiency across U.S. hospitals.