Owens and Minor Inc. History
Capstone Case Analysis
(Owen & Minor, Inc.
Company History)
Name: Samuel Ansah
Westwood College
Instructor: Professor Ali Alavi
Course: Management Capstone
Date: March 31st, 2014
Owens and Minor Inc. History
Owens & Minor Inc. is distributor of surgical and medical supplies to hospitals and other health care facilities. Owens & Minor Inc. (O&M) was founded by George Gilmer Minor Jr., a wholesale drug salesman from Richmond Virginia in 1882. The name Owens & Minor came about as a result of the company joining forces with its competitor, and drug salesman Otho Owens. Despite the fact that the Owens sold their interest in the company and the Minor family took over in as far back as 1920, the company still maintained the name with George Gilmer IV becoming the president of the company in 1947.
In 1954, the Owens & Minor installed its first computerize system of order fulfillment. The company acquired two medical and surgical supply Companies in 1971and made its first public offering. Owens & Minor then embarked on major expansion strategy by acquiring new businesses and including Murray Drugs, White Surgical Supply and Southern Hospital. These acquisitions enable O&M to expand its operations to cover 10 States.
Owens & Minor, Inc. (O&M) was incorporated on December 20, 1993, and is considered to be a provider of third-party logistics services to manufacturers and suppliers of healthcare and life-science products. O&M operates in two segments that are domestic and international and is listed as a Fortune 500 company that is providing distribution, third-party logistics, and other supply-chain management services to healthcare providers and suppliers of medical and surgical products. O&M is also a national distributor of medical and surgical supplies to the acute-care market in the United States. O&M’s HealthCare Logistics (OM HCL) third-party logistics service was launched back in 2010 and began offering transportation,
(Owen & Minor, Inc.
Company History)
Name: Samuel Ansah
Westwood College
Instructor: Professor Ali Alavi
Course: Management Capstone
Date: March 31st, 2014
Owens and Minor Inc. History
Owens & Minor Inc. is distributor of surgical and medical supplies to hospitals and other health care facilities. Owens & Minor Inc. (O&M) was founded by George Gilmer Minor Jr., a wholesale drug salesman from Richmond Virginia in 1882. The name Owens & Minor came about as a result of the company joining forces with its competitor, and drug salesman Otho Owens. Despite the fact that the Owens sold their interest in the company and the Minor family took over in as far back as 1920, the company still maintained the name with George Gilmer IV becoming the president of the company in 1947.
In 1954, the Owens & Minor installed its first computerize system of order fulfillment. The company acquired two medical and surgical supply Companies in 1971and made its first public offering. Owens & Minor then embarked on major expansion strategy by acquiring new businesses and including Murray Drugs, White Surgical Supply and Southern Hospital. These acquisitions enable O&M to expand its operations to cover 10 States.
Owens & Minor, Inc. (O&M) was incorporated on December 20, 1993, and is considered to be a provider of third-party logistics services to manufacturers and suppliers of healthcare and life-science products. O&M operates in two segments that are domestic and international and is listed as a Fortune 500 company that is providing distribution, third-party logistics, and other supply-chain management services to healthcare providers and suppliers of medical and surgical products. O&M is also a national distributor of medical and surgical supplies to the acute-care market in the United States. O&M’s HealthCare Logistics (OM HCL) third-party logistics service was launched back in 2010 and began offering transportation,