Inactive Instrument

APRIA

Equities

APR

US03836A1016

Owens & Minor to buy home healthcare provider Apria for $1.45 bln

January 10, 2022 at 06:48 am EST

Jan 10 (Reuters) - Medical products supplier Owens & Minor Inc will acquire Apria Inc for about $1.45 billion in cash to bolster its presence in the fast growing home healthcare services market.

Owens & Minor will pay $37.50 per share for Apria, representing a premium of 26.2% to Apria's closing price on Friday, the companies said in a statement on Monday.

Shares of Apria rose 23% to $36.61 in premarket trading.

The deal comes at a time when lockdowns and other curbs are being implemented to stem the two-year long COVID-19 pandemic, which has triggered strong demand for home healthcare over clinic-based services.

Richmond, Virginia-based Owens & Minor has its own portfolio of products, including for diabetes, wound care and personal protective equipment. The buyout of Apria would add products such as a home respiratory therapy and sleep apnea devices to Owens & Minor's portfolio.

Evercore and J.P. Morgan Securities LLC served as financial advisers to Owens & Minor on the deal, which is expected to close during the first half of 2022.

(Reporting by Amruta Khandekar; Editing by Krishna Chandra Eluri and Amy Caren Daniel)

Latest news about APRIA

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Apria, Inc.(NasdaqGS:APR) dropped from S&P TMI Index	22-03-30	CI
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Owens & Minor to buy home healthcare provider Apria for $1.45 bln	22-01-10	RE
Owens & Minor to Acquire Apria in $1.6 Billion Deal	22-01-10	MT
Owens & Minor to buy Apria for about $1.45 bln	22-01-10	RE
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Certain Stock Appreciation Rights of Apria, Inc. are subject to a Lock-Up Agreement Ending on 9-JAN-2022.	22-01-08	CI

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Company Profile

Apria, Inc. is a provider of integrated home healthcare equipment and related services in the United States. The Company offers a range of products and services for in-home care and delivery across three core service lines, which includes home respiratory therapy (including home oxygen and non-invasive ventilation (NIV) services); obstructive sleep apnea (OSA) treatment (including continuous positive airway pressure (CPAP) and bi-level positive airway pressure devices, and patient support services) and negative pressure wound therapy (NPWT). Additionally, the Company supplies a range of home medical equipment and other products and services for patients with home care needs. It also provides a variety of clinical and administrative support services and related products and supplies. It offers in-home delivery, set-up, and maintenance of equipment and/or supplies; monitoring therapy compliance and intervening to enhance compliance and processing claims to payors on behalf of patients.

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