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Tag: Apria


News

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...

Apria, Inogen, NCART, Option Care Health, Permobil Foundation, Rehab Medical, SoClean, VGM Heartland


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Stock watch: Apria, Option Care Health

June 10, 2021HME News Staff

Apria has announced a price to the public of $27 per share for a previously announced secondary offering of 4.5 million shares of common stock by a selling stockholder affiliated with Blackstone. The selling stockholder has also granted the underwriters a 30-day option to purchase up to 675,000 additional shares of common stock. The offering is expected to close on June 14, 2021, subject to customary closing conditions…Option Care Health has announced that an affiliate of Madison Dearborn...

Apria, Option Care Health


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Dan Starck

Providers

Apria increases full year guidance

May 17, 2021HME News Staff

INDIANAPOLIS – Apria reported net revenue of $275.3 million for the first quarter of 2021, a 2% increase compared to the same period last year.  It reported a net income of $4.5 million, a 29% decrease.  “We delivered strong first quarter 2021 results ahead of our expectations on all three of our key metrics and we built on momentum from 2020 establishing a solid foundation for future growth,” said Dan Starck, CEO. “The country experienced a significant surge...

Apria, COVID-19, Financial Results


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In brief: CMS boosts pay, MSC expands presence

May 14, 2021HME News Staff

WASHINGTON – CMS has established a higher rate of $750 to administer monoclonal antibody treatment to Medicare beneficiaries with COVID-19 in their homes, including permanent residences or temporary lodgings.  The new rate accounts for the increased costs associated with the one-on-one nature of this care model and reflects additional information provided to CMS about providing these services in a safe and timely manner.  “CMS’s decision to increase reimbursement...

Apria, CCS Medical, Great Elm Group, Medical Service Company, OxyGo, OxyLife, Prochant, Protech Home Medical


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Apria appoints two to board 

May 14, 2021HME News Staff

INDIANAPOLIS – Apria has appointed two new board members: Susan Gray and Terri Kline. Gray has held board of director and committee positions in a variety of companies, including 4D Molecular Therapeutics, Maravai Life Sciences, Morphic Therapeutics, BioSplice Therapeutics, Wesleyan University and the Susan G. Komen Foundation. Kline currently serves on the boards of Amedisys, Intersect ENT, SaVida Health and Presbyterian Health Plan. Previously, she...

Apria, Susan Gray, Terri Kline


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In brief: Aeroflow’s acquisition, Roche’s settlement, Apria’s share price

February 12, 2021HME News Staff

ASHEVILLE, N.C. – Aeroflow Healthcare has entered into a definitive agreement to buy Wheeling, West Va.-based Family Medical Supply.  Family Medical Supply, founded in 1991, services West Virginia and the greater Ohio Valley with a product portfolio that includes HME and incontinence supplies.  “The acquisition of Family Medical Supply is an exciting step in Aeroflow’s ongoing strategy to grow through acquisition,” said Casey Hite, CEO of Aeroflow....

Aeroflow Healthcare, Apria, Ascensia Diabetes Care, Integrated HomeCare, Prochant, VGM


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Apria announces share price

February 11, 2021HME News Staff

INDIANAPOLIS – Apria shares are expected to begin trading today at $20 per share. Its initial public offering is 7.5 million shares of its common stock, trading on NASDAQ under the symbol “APR.” The company in January signaled its intent to go public when it filed a form S-1 with the Securities and Exchange Commission. The offering is expected to close on Feb. 16, 2021, subject to customary closing conditions.   

Apria, Apria IPO, Home Medical Equipment


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Apria preps for IPO

January 18, 2021HME News Staff

LAKE FOREST, Calif. – Apria on Jan. 15 filed a Form S-1 with the Securities and Exchange Commission, a step it must take before filling an initial public offering.  Apria says it intends to list its shares of common stock on the Nasdaq Global Select Market under the symbol “APR.” After completing its offering, Blackstone Group will continue to own a majority of the voting power of shares, according to the form.  Apria discloses that it served nearly 2 million...

Apria, Blackstone Group, initial public offering


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Top CEOs: Rein in administrative spending

September 25, 2020Tracy Orzel

YARMOUTH, Maine?- The best way to improve margins in an industry that suffers from constant pricing pressure is by reducing administrative burdens, said panelists during a recent discussion on “Post-pandemic: The rise of post-acute care.” “Everybody has way too many people involved in paper processing and billing and collections, rather than helping patients,” said Dan Starck, CEO of Apria Healthcare, during the virtual HME News Business Summit, Sept. 15-17. “And I'm...

AdaptHealth, Administrative Costs, AeroCare, Apria, Lincare


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Bill Guidetti: 'These are challenging times, but we are highly engaged'

July 17, 2020Theresa Flaherty, Managing Editor

YARMOUTH, Maine - AAHomecare's new chairman, Bill Guidetti, has a list of priorities, but at the top of the list: putting a stop to competitive bidding while the HME industry continues to operate under the constraints of the COVID-19 pandemic.“This pandemic has compromised the industry—a lot of things have changed,” said Guidetti, who is also executive vice president at Apria Healthcare.Guidetti was a guest on the “HME News in 10” podcast recently and talked about how...

aahomecare, Apria, Bill Guidetti, Home Medical Equipment


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