Is Blackstone shopping Apria?
LAKE FOREST, Calif. – Private equity firm The Blackstone Group is said to be in discussions to sell Apria Healthcare, according to an article published on Reuters PE Hub. Blackstone acquired Apria in 2008 for $1.6 billion. In late 2013, Apria sold Coram, its home infusion business, to CVS Caremark for $2.1 billion. The infusion business had revenues of $975.3 million in the third quarter of 2013—about 53% of Apria’s revenue.