Owens & Minor announced today they are selling their direct-to-consumer diabetes-supply business to a Pennsylvania-based medical-management company.
Liberty Healthcare, a privately held company, will pay $63 million to acquire the diabetes-supply business which includes patents and patient information. Owens & Minor will retain remaining assets and debts associated with the business and continue to collect payments for unpaid bills. Owens & Minor is a locally-based Fortune 500 medical supply company.
The deal is expected to close in early January.