Owens & Minor launches private offering of $500 million of 8-year high-yield bonds to fund Apria acquisition

Healthcare technology company Owens & Minor Inc. OMI, +1.38% said Friday it has launched a private offering of $500 million of 8-year high-yield bonds. Proceeds will be used to fund the acquisition of Apria Inc. with any remaining money to be used for general corporate purposes. Owens & Minor announced it would acquire Apria in January in a deal with an equity value of about $1.45 billion. The deal will help the company expand its home health care offering. Apria makes home respiratory therapy and sleep apnea devices. Owens & Minor shares were not yet active premarket but have gained 23% in the last 12 months, while the S&P 500 SPX, +0.11% has gained 12.7%.