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Owens & Minor to Acquire Apria in $1.45 Billion Deal -Breaking

by Mike Robinson

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© Reuters.

Sam Boughedda

Investing.com — Home healthcare equipment supplier shares Apria Inc (NASDAQ) rose more than 25% Monday following the global healthcare solutions company Owens & Minor Inc (NYSE:) announced that it would acquire the company.

Owens & Minor will pay $37.50 in cash per share of Apria, representing a total value of approximately $1.45 billion. The price per share represents a 26% premium over Apria’s closing share price on Friday. Its stock price hovers around $37.44 in afternoon trading.

“The combination of two complementary businesses in Byram Healthcare and Apria will enable us to better serve the entire patient journey – through the hospital and into the home – ultimately furthering our mission of Empowering Our Customers to Advance Healthcare,” said Edward Pesicka, President & CEO of Owens & Minor. 

“In addition, this transaction diversifies our total company revenue stream by expanding our presence in the higher-growth home healthcare market.”

Owens & Minor outlined several reasons for the deal, such as strengthening the total company value proposition, diversifying its revenue base, and expanding its Patient Direct platform.

This deal should close by the end of the first quarter 2022.

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