Richmond, Virginia-based Owens & Minor Inc. (NYSE: OMI), has agreed to acquire Apria for $37.50 in cash per share of common stock, an equity value of approximately $1.45 billion, Owens & Minor announced.
Owens & Minor incorporates product manufacturing, distribution support and innovative technology services.
Apria is a provider of integrated home health care equipment and related services for home respiratory therapy, obstructive sleep apnea and negative pressure wound therapy.
“I’m very excited about the acquisition of Apria, which will strengthen our total company value proposition,” said Edward A. Pesicka, president and CEO of Owens & Minor. “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. In addition, this transaction diversifies our total company revenue stream by expanding our presence in the higher-growth home healthcare market.”
The company said the acquisition “builds upon Owens & Minor’s strong capabilities in product manufacturing and healthcare services.”