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    Washington Post.com: Post 200 -- Beyond the Beltway: Top 35 VA Cos.

    Owens & Minor Inc.
    list rank
    From the April 28, 1997, Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 3,019,003 1.4
    Net Income 12,965 --
    Rank Last Year: 9
    Description:
    Owens & Minor is one of the nation's largest wholesalers of medical and surgical supplies and other health-care products, selling to hospitals, nursing homes and other integrated health-care systems throughout the United States. In some cases the company directly manages inventories for its customers.

    Business Resume:
    • Contact Info --
      4800 Cox Rd.
      Glen Allen, Va. 23060
      804-747-9794
    • Main Business --
      Medical, surgical supplies
    • Founded --
      1882
    • Chairperson --
      G. Gilmer Minor III (CEO)
    • President --
      G. Gilmer Minor III
    • Employees --
      3,425
    Developments:
    Owens & Minor has rebounded from a disappointing 18-month period in which profits evaporated amid problems with the acquisition of Stuart Medical Inc., a firm it bought in 1994. The company fattened its profit margins by raising prices across the board for its products and services and by implementing cost-saving initiatives, primarily the elimination of more than 400 full-time positions and more efficient use of computer resources.

    In November Owens & Minor received a Pentagon contract to deliver $38.1 million in medical supplies to military installations in the South. The company also signed a five-year, $125 million distribution agreement with HealthSouth Corp., the nation's largest provider of rehabilitative health care service.

    Copyright 1997 The Washington Post

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