The new face of Apria
Apria Healthcare, now a portfolio company of The Blackstone Group, named Dr. Norman Payson CEO on Dec. 2. Payson, who has been a member of Apria's board of directors for the past two years, has quite a resume. In addition to an Ivy League education (MIT and Dartmouth), he has served as CEO of two multi-million member publicly traded health plans: Healthsource, a physician sponsored health plan now part of Cigna; and Oxford Health Plans, New York City's largest health plan. Apria lauds Payson's "expertise in the transition of complex healthcare businesses." I wonder what "transition" he and The Blackstone Group have in mind for Apria?