Owens & Minor Inc. (NYSE: OMI) has agreed to acquire medical supply distributor Byram Healthcare from Advent International-backed Mediq BV for about $380 million in cash. The buyer says the purchase will expand its services in patient home delivery.
Byram, founded in 1968, and located in White Plains, New York, distributes medical products such as bandages, insulin pumps, and catheters to patients at home and other healthcare agenices. Mediq, a pharmaceutical and medical supplier, purchased Byram in 2008. Advent invested in Mediq in 2013. Owens & Minor is a Richmond, Virgina-based healthcare logistics provider.