"Going forward, we will be positioned among the leaders in a dynamic market where we will be able to capitalize on our leading brands and long-standing record of putting the patient first while delivering consistent revenue and profit growth," Pesicka added. Platinum Equity, which has extensive experience in healthcare and supply chain businesses, expressed commitment to growing the P&HS business. Jacob Kotzubei, Co-President of Platinum Equity, said the firm is "committed to further enhancing P&HS's global capabilities to deliver essential products and services when and where its customers need." The deal is expected to close near the end of the year, pending regulatory approvals including Hart Scott Rodino Act clearance. Citi and Wells Fargo are serving as financial advisors to Owens & Minor, with Kirkland & Ellis acting as legal advisor. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.