M&A Deal Summary

Apria Acquires Praxair - U.S. Homecare Business

On February 2, 2011, Apria acquired healthcare services company Praxair - U.S. Homecare Business from Praxair

Acquisition Highlights
  • This is Apria’s 3rd transaction in the Healthcare Services sector.
  • This is Apria’s 3rd transaction in the United States.
  • This is Apria’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2011-02-02
Target Praxair - U.S. Homecare Business
Sector Healthcare Services
Buyer(s) Apria
Sellers(s) Praxair
Deal Type Divestiture

Target

Praxair - U.S. Homecare Business

Danbury, Connecticut, United States
Praxair’s U.S. homecare business operates from 85 branch locations, providing home respiratory services and durable medical equipment to clients in their homes across 27 states and employs approximately 1,100 people.

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Buyer(S) 1

Buyer

Apria

Indianapolis, Indiana, United States

Category Company
Founded 1924
Sector Healthcare Services
Revenue 1.1B USD (2020)
DESCRIPTION

Apria is a provider of integrated home healthcare equipment and related services in the United States. The company offers a comprehensive range of products and services for in-home care and delivery across three core service lines: home respiratory therapy (including home oxygen and non-invasive ventilation (“NIV”) services), obstructive sleep apnea (“OSA”) treatment (including continuous positive airway pressure (“CPAP”) and bi-level positive airway pressure devices, and patient support services), and negative pressure wound therapy (“NPWT”). Additionally, it supplies a wide range of home medical equipment and other products and services to help improve the quality of life for patients with home care needs. Apria was formed in 1924 and is based in Lake Forest, California.


DEAL STATS #
Overall 3 of 3
Sector (Healthcare Services) 3 of 3
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 3 of 3
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-03 Coram

Denver, Colorado, United States

Coram LLC is a provider of home infusion therapies and services.

Buy $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-16 Coram

Denver, Colorado, United States

Coram LLC is a provider of home infusion therapies and services.

Sell -

Seller(S) 1

SELLER

Praxair

Danbury, Connecticut, United States

Category Company
Founded 1907
Sector Chemicals
Revenue 10.5B USD (2016)
DESCRIPTION
View of Praxair's corporate headquarters in Danbury, Connecticut.
View of Praxair's corporate headquarters in Danbury, Connecticut.

Praxair is an industrial gases company that produces, sells, and distributes atmospheric and process gases, and high-performance surface coatings. The company's products, services, and technologies serve a variety of industries including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals, and others. Praxair was formed in 1907 and is based in Danbury, Connecticut.


DEAL STATS #
Overall 4 of 4
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 4 of 4
State (Connecticut) 1 of 1
Country (United States) 2 of 2
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 Sermatech International

Pottstown, Pennsylvania, United States

Sermatech International, is a provider of engineered coatings, special processes and component repair services to OEMs, Tier 1 suppliers and aftermarket service providers in the aerospace, industrial gas turbine, defense, oil and gas and other industrial markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-16 Weldco

Cincinnati, Ohio, United States

Weldco, Inc. is an independent distributor of industrial and specialty gases and ancillary welding equipment, supplies and services.

Buy -