ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Owens & Minor Breaks Ground on Center of Excellence for Medical Supply Logistics in West Virginia

Center slated to open in late 2023; will serve as a state-of-the-art hub for managing and coordinating complex medical supply logistics for WVU Medicine

Groundbreaking advances the long-term strategic collaboration between WVU Medicine and Owens & Minor to help strengthen healthcare resiliency and preparation in West Virginia and beyond

Owens & Minor, Inc. (NYSE: OMI), a leading global healthcare solutions company, today broke ground in Morgantown, West Virginia, on the future site of a center of excellence for medical supplies and logistics. Once construction is completed in late 2023, the 350,000 square foot center will be one of the state’s largest dedicated acute care medical distribution facilities and will include clinical supply capabilities for surgical kitting, custom procedure tray assembly and sterilization. Owens & Minor was joined for the groundbreaking by its local partner, West Virginia University Health System, which operates under the brand name WVU Medicine.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220627005704/en/

Jeffrey Arnett, Monongalia county commissioner, Edward A. Pesicka, CEO & president of Owens & Minor, Albert L. Wright, Jr., president & CEO of WVU Health System,  Secretary Mitch Carmichael of the West Virginia Department of Economic Development and Tom Bloom, Monongalia county commissioner, at the groundbreaking for the new center of excellence for medical supply logistics today in West Virginia. (Photo: Business Wire)

Jeffrey Arnett, Monongalia county commissioner, Edward A. Pesicka, CEO & president of Owens & Minor, Albert L. Wright, Jr., president & CEO of WVU Health System, Secretary Mitch Carmichael of the West Virginia Department of Economic Development and Tom Bloom, Monongalia county commissioner, at the groundbreaking for the new center of excellence for medical supply logistics today in West Virginia. (Photo: Business Wire)

“We are excited for our partnership with Owens & Minor to take shape as we work to strengthen the resiliency of our healthcare system,” said Albert L. Wright, Jr., President and Chief Executive Officer, WVU Health System. “Our collaboration with Owens & Minor is instrumental in ensuring that we can deliver on that commitment for our clinicians and the communities we serve.”

The partnership, which represents an estimated $50 million investment in West Virginia and is anticipated to bring more than 100 jobs to the state, was first announced in December 2021. It was subsequently expanded in January 2022 to give the state of West Virginia the ability to rapidly leverage Owens & Minor’s logistics expertise and medical supply and distribution capabilities in response to future public health emergencies.

“Today’s groundbreaking represents the best of what West Virginia has to offer—our state’s largest health system and private employer working with an industry-leading Fortune 500 company to create a partnership that will have tangible impact for our state,” commented Gov. Jim Justice. “I applaud WVU Medicine and Owens & Minor and look forward to seeing even more of what this partnership brings to West Virginia.”

“Since day one, we’ve been inspired by the enthusiasm and passion both WVU Medicine and West Virginia have shown in making this center of excellence a reality,” said Edward A. Pesicka, President and Chief Executive Officer, Owens & Minor. “We’re eager to advance our collaboration and to put our 140 years of supply chain expertise to work in supporting one of West Virginia’s leading healthcare systems for years to come.”

Learn more about how Owens & Minor is helping healthcare customers through its industry-leading distribution and supply chain solutions at https://www.owens-minor.com/distribution/.

About Owens & Minor

Owens & Minor, Inc. (NYSE: OMI) is a Fortune 500 global healthcare solutions company integrating product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. Owens & Minor drives visibility, control and efficiency for patients, providers and healthcare professionals across the supply chain with proprietary technology and solutions, an extensive product portfolio, an Americas-based manufacturing footprint for personal protective equipment (PPE) and surgical products, as well as a robust portfolio of products and services for patients managing chronic and acute conditions in the home setting. Operating continuously since 1882 from its headquarters in Richmond, Va., Owens & Minor is a 140-year-old company powered by more than 20,000 global teammates. Learn more at https://www.owens-minor.com, follow @Owens_Minor on Twitter and connect on LinkedIn at www.linkedin.com/company/owens-&-minor.

About the West Virginia University Health System

The West Virginia University Health System is West Virginia’s largest health system and the state’s largest employer. With 2,000 licensed beds and 2,000 active medical staff, the Health System includes 16 hospitals, including a 675-bed academic medical center in Morgantown, West Virginia; seven community hospitals; and eight critical access hospitals. The Health System also manages five hospitals and is building a new 150-bed Children’s Hospital on its main medical campus. To learn more, visit WVUMedicine.org.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.