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Apria to Go Private in $1.6 Billion Deal with Blackstone

June 23, 2008 - Source: HomeCare Magazine

Apria Healthcare Group, one of the nation's largest HME providers, said Thursday it would be acquired by an affiliate of private equity company The Blackstone Group in a merger transaction valued at $1.6 billion.

For each share of common stock they hold, Apria shareholders will receive $21 in cash, a premium of 33 percent over the $15.89 share price on Wednesday and 29 percent over the stock's average closing price for the previous 30 trading days.

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