Tag: Apria
In brief: MSC expands, telehealth support grows, OM finances Apria acquisition
March 25, 2022HME News Staff
CLEVELAND – Medical Service Company has acquired Ascension St. Vincent’s Medical Equipment, a full-service DME provider located in Evansville, Ind.
“As part of this exciting acquisition, MSC has expanded its partnership with Ascension from Central Indiana now down to Evansville,” the company stated in an announcement. “We are also thrilled to welcome the new team members joining the MSC family. We look forward to offering our industry-leading chronic care solutions...
Owens & Minor seeks to finance Apria acquisition
March 21, 2022HME News Staff
RICHMOND, Va. – Owens & Minor has launched a private offering of $500 million aggregate principal amount of senior notes due 2030 subject to customary and market conditions.
The company plans to use the net proceeds of the offering, together with cash on hand and proceeds from expected borrowings under one or more new term loans, to finance its acquisition of Apria Healthcare and other transactions contemplated by the agreement, as well as to repay Apria debt and related fees...
In brief: Apria’s ‘banner year,’ Dynarex’s expanded portfolio, RESNA’s ATP survey
March 4, 2022HME News Staff
INDIANAPOLIS – Apria Healthcare has reported net revenue of $296.5 million for the fourth quarter of 2021, up 0.9% compared to the same period in 2020. Net income was $17 million vs. $25.9 million, down 34.5%.
The company reported net revenue of $1.15 billion for the full year 2021, up 3.3% compared to full year 2020. Net income was $64.9 million vs. $46.1 million, up 40.6%.
“We reported solid fourth quarter financial results and 2021 was a good year for Apria,”...
Think about it
January 12, 2022Liz Beaulieu, Editor
Well, 2022 is certainly starting off with a bang.
The first rumblings that big things are going to happen this year was an announcement on Jan. 6 by Stryker that it plans to acquire Vocera Communications. This does not have a direct impact on the HME industry, per se, but it does speak to large players in mostly the acute care space getting more serious about extending their reach beyond hospitals.
Stryker said Vocera brings a portfolio of products to address “the increasing need for...
Owens & Minor buys Apria, reaches deeper into home care
January 10, 2022HME News Staff
RICHMOND, Va., and INDIANAPOLIS – Owens & Minor, which owns Byram Healthcare, says it will buy Apria for $37.50 in cash per share of common stock, representing an equity value of about $1.45 billion.
This price per share represents a 26% and 24% premium over Apria’s closing share price on January 7, 2022, and 30-day volume weighted average price, respectively.
“The combination of two complementary businesses in Byram Healthcare and Apria will enable us to better...
Apria delivers ‘solid’ quarter
November 4, 2021HME News Staff
INDIANAPOLIS – Apria Healthcare reported net revenue of $287.2 million for the third quarter of 2021, up 3.8% compared to $276.8 million one year ago.
For the quarter, net income was $22.8 million, up 300.1% from $5.7 million; adjusted EBITDA was $61 million and adjusted EBITDA less patient equipment capex of $38.9 million.
“We continue to see strong new patient volume for oxygen driven by the Delta variant which we expect to remain at elevated levels compared to historical run...
Industry challenges: ‘They’re concerning to everyone’
October 1, 2021Theresa Flaherty, Managing Editor
WASHINGTON – AAHomecare kicked off the busy fall legislative session with its first-ever Virtual Legislative Conference last week and a sign-on letter pressing CMS to finalize a DMEPOS proposed rule that would adjust payment rates.
The letter, spearheaded by Reps. Cathy McMorris Rodgers, R-Wash., a ranking member on the House Energy & Commerce Committee, and Paul Tonko, D-N.Y., is the first in a two-step process to get relief for the industry, says Jay Witter.
“We’ve...
DMEScripts adds muscle behind e-prescribing
September 24, 2021Liz Beaulieu, Editor
INDIANAPOLIS – The founding investors behind DMEscripts believe their unique alliance will make a big difference in selling referral sources on e-prescribing, an obstacle to adoption so far.
Apria Healthcare, Lincare, AdaptHealth and Rotech Healthcare, along with AAHomecare and VGM & Associates, launched DMEscripts, an industry backed e-prescribing platform that’s open to any provider, in September.
“That’s the thesis under the whole thing,” said Dan...
In brief: ResMed shows ‘strength,’ Apria’s ‘ahead,’ CMS provides bid comparison
August 6, 2021HME News Staff
SAN DIEGO – ResMed reported revenue increased 14% to $876.1 million for the fourth quarter of 2021 compared to the same period last year. Net income was $195.1 million vs. $177.8 million.
The company reported revenue increased 8% to $3.2 billion for fiscal year 2021 compared to the previous year. Net income was $474.5 million vs. $621.7 million.
“Our fourth quarter and full-year fiscal year 2021 results continue to demonstrate the strength and resiliency of our business,”...
In brief: Medline investment, SoClean award, MAC reviews
June 11, 2021HME News Staff
NORTHFIELD, Ill. – Medline Industries has entered into an agreement to receive a majority investment from a group of private equity firms, including Blackstone, Carlyle Group and Hellman & Friedman, worth a reported $30-plus billion.
Medline, which generated revenues of $17.5 billion in 2020, will use the new resources from the partnership to expand its product offerings, accelerate international expansion and continue to make new infrastructure investments to strengthen its global...