Owens & Minor, a global healthcare logistics company, has signed a definitive agreement to acquire Apria, a home healthcare equipment provider.
Under the agreement, Owens & Minor will acquire Apria for $37.50 in cash per share of common stock, which represents approximately $1.45 billion, according to a Jan. 10 news release. After the assumption of debt and cash, the total transaction value is approximately $1.6 billion.
The acquisition strengthens Owens & Minor's total value proposition and positions the company as a leader in home healthcare, the company's president and CEO Edward Pesicka said.
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