11 Jan 2022
Owens & Minor to Buy Apria for $1.45 bln; Shares Rose 23% in Premarket Trading
The Index Today
Major medical products supplier Owens & Minor Inc is to acquire Apria Inc for about $1.45 billion in cash to boost its presence in the fast growing market of home healthcare services, shares of Apria rose 23% to $36.61 in premarket trading.
The companies said in a statement on Monday, Owens & Minor will pay $37.50 per share for Apria, representing a premium of 26.2% to Apria's closing price on Friday.
The deal comes at a time when lockdowns and other curbs are being implemented to stem the two-year long COVID-19 pandemic, which has triggered strong demand for home healthcare over clinic-based services, Reuters reported.