DENVER-Owens & Minor will complete its acquisition of Denver-based Emery Medical Supply this month. Terms of the acquisition weren't disclosed. Emery, a privately held medical-surgical supply distributor, had sales of $29 million in 1993 to Colorado healthcare facilities. Richmond, Va.-based Owens & Minor, the nation's second-largest distributor, had revenues of $1.4 billion in 1993. Its acquisition of Greensburg, Pa.-based Stuart Medical, completed in May (May 23, p. 20), will give it revenues of about $2.2 billion this year. The addition of Emery significantly strengthens Owens & Minor's presence in Colorado, said Glenn Dozier, its chief financial officer. The acquisition also gives the company a chance to learn from Emery's sophisticated stockless distribution programs, Mr. Dozier said.
DENVER-The University of Colorado at Denver is unveiling a joint graduate degree that will teach physicians how to be better managers. The CU Denver Graduate School of Business Administration is offering a joint program that allows medical students to simultaneously take courses toward their master's degree in business administration. The program will be offered in conjunction with the CU Health Sciences Center in Denver. Yash Gupta, CU Denver business school dean, said the program is aimed at a unique medical student who wants to work in the management of HMOs or group practices.
The program is fully integrated with the medical school curriculum. Students would enter the program after their second year and take classes in the business school before returning to the medical school the following year, Mr. Gupta said.-Associated Press
EL PASO, Texas-Sierra Medical Center is underwriting the $50,000 cost of a full-time faculty position at the University of Texas at El Paso for a clinical nurse specialist/clinical instructor. UTEP officials said it was the first time a private institution had funded a full-time position at the university. In addition to providing classroom instruction, the faculty member will supervise three UTEP nursing clinical students at Sierra each semester. Sierra is owned by National Medical Enterprises, a for-profit hospital chain based in Santa Monica, Calif.