News
Posted: July 26, 2011 | Press
Amsino and Owens & Minor to Form Joint Venture
Amsino Medical Group, a privately held developer and manufacturer of high value healthcare disposables, and Owens & Minor, Inc. (NYSE-OMI), a leading distributor of healthcare products to the U.S. acute-care market, have entered into an agreement to establish a joint venture designed to provide sourcing services for Owens & Minor’s private label brand. Amsino will contribute its sourcing expertise to the new company, which will be distinctly separate from Amsino’s existing contract manufacturing, private label and branded businesses.
Dr. Richard Lee, Chairman and CEO of Amsino Medical Group, said, “We are proud of our sourcing partnership with Owens and Minor, and I believe the joint venture will contribute significantly to the continued successful growth of MediChoice products through focused quality and supply chain management.”
“Owens & Minor believes that by partnering with Amsino to create the new sourcing entity, we will improve service, quality and value for our private label product customers,” said Craig R. Smith, President and CEO of Owens & Minor.
About Amsino Medical Group, Ltd.: US-based Amsino has provided high value medical products to the US and global markets since 1993, and has offices and three FDA-registered factories in China. Amsino is a leading medical device company dedicated to advancing healthcare worldwide by developing, manufacturing, and marketing medical products that improve the safety and effectiveness of patient care. Amsino’s portfolio includes urological products, IV infusion products and access devices, enteral feeding and irrigation products, respiratory therapy products under AMSure® and AMSafe® brands, and a full-service contract manufacturing business. Amsino products are distributed in the United States and more than 30 other countries worldwide. www.amsino.com
About Owens & Minor, Inc., (NYSE: OMI) a FORTUNE 500 company headquartered in Richmond, Virginia, is a leading national distributor of name-brand medical and surgical supplies and a healthcare supply-chain management company. Owens & Minor is also a member of the Russell 2000® Index, which measures the performance of the small-cap segment of the U.S. equity universe, as well as the S&P MidCap 400, which includes companies with a market capitalization of $1 billion to $4.4 billion that meet certain financial standards. With a diverse product and service offering and distribution centers throughout the United States, the company serves hospitals, integrated healthcare systems, alternate site locations, group purchasing organizations, and the federal government. Owens & Minor provides technology and consulting programs that improve inventory management and streamline logistics across the entire medical supply chain--from origin of product to patient bedside. For news releases, or for more information about Owens & Minor, visit the company website at www.owens-minor.com.
For further information and comments, please contact:
Phil Kelsey
Amsino International Inc.
855 Towne Center Drive
Pomona, CA 91767
(909) 626-5888