Infusion provider led by Cucuel goes public

Friday, November 30, 2007

CONSHOHOCKEN, Pa. - Two years after stepping down as CEO of Air Products in 2005, Bob Cucuel is at it again. His latest venture, Critical Homecare Solutions, offered up an estimated $125 million in shares in an initial public offering (IPO) filed Oct. 10. The company, which provides home infusion in 14 states, will use proceeds from the IPO for working capital, acquisitions and to repay some debt. Cucuel, who started Critical Homecare in 2006, couldn't comment on the IPO, citing SEC rules. The company reported $2.3 million in earnings for the first six months of this year, on revenues of $92.8 million.