Owens & Minor Inc
Article Abstract:
Owens and Minor Inc (OMI) attributed its 33% profit increase in 1991 to the company's decision to sell its $300 million wholesale drug unit to Bergen Brunswig Corp. OMI believed that the sale of its drug business would enable the company to act aggressively to intensify its position as the second largest distributor of surgical and medical products in the US. OMI's aggressiveness was most noticeable in its acquisition of Koley's Medical Supply Inc. The company's pursuit of new contracts indicates further its aggressive stance.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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Abbey Healthcare Group Inc
Article Abstract:
Abbey Healthcare Group Inc (ABBY) has bought back 404,000 shares from Avon Products Inc. The shares were purchased with Abbey's senior revolving loan facility. ABBY Pres and CEO Timothy Aitken announced the board's high hopes on future performance. ABBY reported a $4 million loss in 1991 into a $4.43 million gain. Aitken cites restructuring of Abbey's financial base, efficient operations and shift of sales to focus on national goals as major factors for 1992 performance.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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Beckman Instruments, Inc
Article Abstract:
Airlie Group LP's (AGLP) acquisition of 5.3% of Beckman Instruments Inc stocks resulted in analyst Lorraine Schwarz' upgrading of the stocks from Neutral. The appraisal stemmed from the anticipated rebound for the diagnostic equipment supplier's stocks and the involvement of AGLP's Perry and Lee Bass.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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