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Allina Health and Owens & Minor Expand Partnership and Announce New Strategic Collaboration
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
Owens & Minor (NYSE: OMI) and Allina Health announced a renewed partnership focused on creating an integrated service model aimed at enhancing supply chain resiliency. This collaboration, evolving from a 20-year relationship, will establish a centralized service center to improve inventory management and communication across Allina Health's network, which includes over 6,000 physicians. The initiative aims to lower inventory costs while increasing transparency and efficiency, ensuring clinical staff receive necessary products promptly.
Positive
Renewed partnership enhances supply chain resiliency for Allina Health.
Integrated service model improves inventory management and product delivery.
Collaboration aims to lower inventory costs and increase efficiency.
Negative
None.
Innovative integrated service model will strengthen supply chain resiliency throughout Allina Health’s hospital and clinical care network, improving care delivery for providers and patients
Partnership leverages Owens & Minor expertise, technology and solutions to create a unique, customized supply chain solution with greater visibility, transparency and control for Allina Health
MINNEAPOLIS & RICHMOND, Va.--(BUSINESS WIRE)--
Owens & Minor, Inc. (NYSE: OMI), a leading global healthcare solutions company, and Allina Health, a not-for-profit healthcare system dedicated to enhancing the health of individuals, families and communities throughout Minnesota and western Wisconsin, today announced their renewed partnership and a new strategic collaboration to create a unique integrated service model for supply chain resiliency.
Abbott Northwestern Hospital, part of Allina Health (Photo: Business Wire)
The integrated service model is an evolution of the 20-year partnership between Allina Health and Owens & Minor. At the heart of the model is an integrated service center that will serve as the hub and central command for supply chain operations, combining communications, fulfillment, inventory management and distribution into an end-to-end solution built specifically for the needs of Allina Health’s hospital and clinical care network, including its 6,000 associated and employed physicians.
“Allina Health believes that deepening our successful relationship with Owens & Minor will elevate our ability to ensure that our providers and clinical staff have the products they need, when they need them,” said Thomas M. Lubotsky, Vice President of Supply Chain, Allina Health. “Further combining our collective strengths is key to our vision for exploring creative, innovative ways to improve our supply chain operations. We are excited by what this new phase of our 20-year strategic partnership with Owens & Minor will bring.”
Owens & Minor’s 140 years of supply chain expertise and innovative approach will serve as the backbone of Allina Heath’s supply chain operations, merging the company’s proprietary product portfolio, robust logistics capabilities, distribution, and technology services into a shared bespoke solution with improved data transparency, communication and inventory management capabilities that lower inventory costs.
“We welcome the opportunity to work more closely with a partner as forward-thinking as Allina Health to not only drive greater efficiencies, but also to collaborate on new ways to support the continued health of their supply chain operations,” commented Jeff Jochims, EVP, Chief Operating Officer and President, Products and Healthcare Services, Owens & Minor. “We look forward to continuing and growing our long and successful partnership.”
Owens & Minor, Inc. (NYSE: OMI) is a Fortune 500 global healthcare solutions company integrating product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. Owens & Minor drives visibility, control and efficiency for patients, providers and healthcare professionals across the supply chain with proprietary technology and solutions, an extensive product portfolio, an Americas-based manufacturing footprint for personal protective equipment (PPE) and surgical products, as well as a robust portfolio of products and services for patients managing chronic and acute conditions in the home setting. Operating continuously since 1882 from its headquarters in Richmond, Va., Owens & Minor is a 140-year-old company powered by more than 20,000 global teammates. Learn more at https://www.owens-minor.com, follow @Owens_Minor on Twitter and connect on LinkedIn at www.linkedin.com/company/owens-&-minor.
What is the partnership between Owens & Minor and Allina Health about?
The partnership focuses on creating an integrated service model to enhance supply chain resiliency and improve inventory management within Allina Health's network.
How long has Owens & Minor been partnering with Allina Health?
The partnership has evolved over a 20-year relationship between Owens & Minor and Allina Health.
What benefits does the new integrated service model offer Allina Health?
The model provides improved inventory management, lower costs, and greater transparency and efficiency in supply chain operations.
What does the new service model include?
It includes a centralized service center that combines communications, fulfillment, inventory management, and distribution tailored for Allina Health.
