In a move rarely seen by a Fortune 500 firm, Owens & Minor said it is pulling out of its previously announced $1.36 billion deal to buy a home health care company.

It marks the second major shift this year by the Glen Allen-based firm, which in February said it was putting up for sale the part of its business that accounts for 80% of revenue.

In a filing with the U.S. Securities and Exchange Commission , Owens & Minor said it would pay Rotech Healthcare Holdings an $80 million fee to cancel the deal because of the cancelation.

“For many months, our teammates, along with the Rotech team, have worked tirelessly in cooperation with the Federal Trade Commission to close this transaction, and while we believe there would have been ample benefit to patients, payors, and providers by a

See Full Page