December 8, 2023- Owens & Minor, Inc. has unveiled its new purpose, Life Takes Care. More than a motto or tagline, Life Takes Care captures the company’s unique approach to caring for both the business and the humanity at the heart of healthcare.
The past few years have brought about historic shifts affecting not only Owens & Minor, but also the healthcare industry as a whole, accelerating trends in where, when and how care is delivered. Research shows that purpose-driven companies experience approximately 14% greater revenue growth, are nearly two times as likely to have above average returns, and have +8% reduced turnover; have +12% fewer safety incidents; and +4% increased profitability. Additionally, a study of high-growth companies found company purpose to be one of four key growth drivers.
Life Takes Care was uncovered and developed using teammate perspectives as well as strategic insights from company leadership. This statement of purpose encompasses the entirety of Owens & Minor’s global business: the Products & Healthcare Services and Patient Direct business segments as well as its affiliated brands, Apria®, Byram® and HALYARD*. Life Takes Care was first unveiled on December 6, 2023 and will be celebrated throughout its inaugural year in 2024.