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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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