Owens & Minor (NYSE: OMI) announced it has entered into a definitive agreement to purchase Medix, Inc. in an all cash transaction. Further details of the transaction were not disclosed. Medix, Inc. is a distributor of medical/surgical supplies serving acute care hospitals, long-term care facilities and clinics from its 10 distribution centers located in Minnesota, Michigan, Wisconsin, Illinois, Missouri, Kansas and Oklahoma. The company had sales of approximately $180 million for its latest financial year ended October 2,1998 and employs approximately 200 people. The transaction is expected to close on July 30 and is subject to regulatory approval.
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