Owens & Minor to change name on Dec. 31

Henrico County-based Fortune 500 health care logistics and supply company Owens & Minor announced Thursday that it plans to change its name to Accendra Health, effective Dec. 31.

The name will only impact the parent corporation, not subsidiary companies. The change, the company said, is “intended to better reflect the company’s strategic direction and future organizational focus as a leader in the home-based care market.”

The company, which did not immediately return requests for further comment, will continue to operate its Apria and Byram health care brands.

“The renaming of our organization is another milestone in the strategic transformation of our company as a leading, pure-play home-based care business that puts the patient first while consistently delivering long-term profitable growth,” President and CEO Edward A. Pesicka said in a statement. “Our commitment to providing the highest-quality offerings to patients throughout the country remains unchanged. By becoming Accendra Health, we mark the next exciting chapter in our evolution as a company.”

Due to the name change, the company will change its stock ticker symbol to “ACH.” The company’s common stock is expected to begin trading on the New York Stock Exchange under the new name and ticker symbol on Jan. 2, 2026, the same date Accendra will launch a new website and URL.

In October, Owens & Minor announced plans to sell its largest business segment, Products & Healthcare Services, for $375 million to Platinum Equity, a California private equity firm. The move made Owens & Minor substantially smaller. And in June, Owens & Minor backed out of a $1.36 billion deal to buy Rotech Healthcare Holdings, a Florida home-based health care business. As a result of the termination of the acquisition, Owens & Minor paid a cash termination fee of $80 million.

Owens & Minor reported $10.7 billion in fiscal 2024 revenue, up from $10.3 billion in 2023.