Recent speculation about Apria healthcare going out of business couldn’t be further from the truth. In fact, the company’s $1.6 billion acquisition by Owens & Minor in 2022 signals quite the opposite. Rather than facing closure, Apria healthcare continues to operate as a significant player in the home healthcare sector.
Apria Healthcare Group Inc has demonstrated remarkable stability with 500 branches across 50 states. The Apria company’s journey showcases significant growth, expanding from $940 million in revenue in 1999 to $2.1 billion in subsequent years. This post examines who owns Apria healthcare now and explores the strategic changes shaping its future in the healthcare industry.
The History of Apria Healthcare Group Inc
The foundation of Apria healthcare group inc traces back to 1924, though its modern incarnation emerged through a significant merger in 1995 when Homedco Group and Abbey Healthcare combined operations. This strategic union established Apria as a formidable force in the home healthcare sector.
Early years and market position
The newly formed Apria healthcare going out of business was never a concern in its early phase, as the company quickly positioned itself at the forefront of managed healthcare. The organization structured its operations around three core service areas: home respiratory therapy, home infusion therapy, and home medical equipment. Subsequently, the company expanded its reach to 350 branches across 48 states, demonstrating remarkable market penetration.
During the late 1990s, Apria healthcare going out of business rumors first surfaced due to integration challenges. The merger resulted in consolidation from 525 branches to 350 locations and a workforce reduction of over 1,000 employees. Nevertheless, the apria company persevered through these initial hurdles.
Key acquisitions and growth
A pivotal moment came in 2008 when Blackstone acquired Apria healthcare going out of business concerns. It was done by taking the company private in a deal valued at $1.7 billion. Under Blackstone’s ownership, Apria healthcare going out of business speculations were put to rest. Following that, the company expanded its service capabilities. The organization grew from $940 million in revenues in 1999 to an impressive $2.1 billion.
Notable acquisitions shaped who owns apria healthcare over the years:
- Praxair Healthcare Services’ US Homecare Business in 2011
- Medox Healthcare Services in 2005
- ABC Health Care in 2021
Furthermore, Apria achieved significant milestones in healthcare quality standards, becoming the first company of its type to receive voluntary accreditation from The Joint Commission, maintaining this status for over 25 years. Meanwhile, the company’s commitment to excellence led to continuous expansion, ultimately serving approximately 2 million patients annually through more than 270 locations nationwide.
The apria healthcare going out of business narrative shifted entirely when Owens & Minor acquired the company in 2022 for $1.45 billion, marking a new chapter in its storied history. This acquisition positioned Apria for enhanced growth in the home healthcare market, with access to over 90 percent of insured healthcare customers in the U.S.
Recent Business Changes at Apria Healthcare
A significant transformation occurred at Apria healthcare going out of business concerns were put to rest with a major acquisition announcement. On March 29, 2022, Owens & Minor completed the purchase of Apria healthcare group inc for approximately $1.6 billion.
The Owens & Minor acquisition
The strategic move answered questions about who owns apria healthcare, as Owens & Minor funded the purchase through a combination of debt and cash. Specifically, the company launched a private offering worth $500 million in senior notes to finance the acquisition. This development silenced any Apria healthcare going out of business speculation, as the merger created one of the broadest portfolios of home healthcare products and services.
Strategic market expansion
The apria company’s integration with Owens & Minor’s existing Byram Healthcare business formed the new Patient Direct segment. This restructuring expanded their geographic reach, providing access to more than 90% of insured healthcare customers across the United States. Additionally, Apria healthcare going out of business rumors were completely dispelled as Daniel J. Starck, who served as Apria’s CEO since 2015, joined Owens & Minor to lead the new segment.
New service offerings
Under the new ownership, Apria healthcare going out of business concerns transformed into growth opportunities. The combined entity enhanced its product portfolio across multiple areas:
- Home respiratory therapy and sleep apnea treatment
- Diabetes care equipment and continuous glucose monitoring
- Negative pressure wound therapy
- Specialized pharmacy services for respiratory medications
Primarily, the merger strengthened Owens & Minor’s position in the fast-growing home health industry. The expanded service model created a more efficient, single-source home healthcare delivery system. Consequently, Apria healthcare going out of business discussions shifted to growth prospects, as the company reported double-digit growth in 2023 through the Patient Direct segment.
The integration allowed Apria to maintain its commitment to high clinical standards while expanding product offerings and support. The company continues serving approximately 2 million patients across the United States, maintaining its position as a leading provider of integrated home healthcare equipment and related services.
Financial Performance and Market Impact
Financial data reveals strong performance metrics that counter any Apria healthcare going out of business concerns. The company’s fiscal results demonstrate remarkable resilience and growth across multiple revenue streams.
Revenue growth trends
The apria company posted impressive financial results in 2021, achieving net revenue of $1.145 billion, marking a 3.3% increase compared to $1.108 billion in the previous year. Moreover, net income reached $64.90 million, representing a substantial 40.6% growth from $46.10 million.
Particularly noteworthy was the company’s adjusted EBITDA of $232.00 million, showing a 2.3% improvement over the previous year’s $226.90 million. The apria healthcare going out of business speculation further diminished as the company’s revenue streams diversified across:
- Home respiratory therapy: $118,283
- OSA treatment: $126,328
- NPWT: $10,197
- Other equipment and services: $41,717
Accordingly, who owns apria healthcare now, Owens & Minor, reported that their patient direct segment, which includes Apria operations, grew by an impressive 25.7% in the first quarter post-acquisition. Overall, excluding Apria’s contribution, their Byram business achieved 20.7% growth, marking their strongest performance in two years.
Market share analysis
The Apria healthcare going out of business narrative contradicts market reality, as demonstrated by the company’s expanding presence in a $50 billion market. Notably, Apria healthcare group inc operates in a sector with multiple growth drivers, including an aging population and increased adoption of home health services.
The Apria healthcare going out of business concerns have been replaced by strong market indicators. The company maintained robust performance despite challenges such as the Philips recall and supply chain disruptions. Furthermore, the company’s fee-for-service arrangements generated $240,838 in revenue, while capitation contributed $55,687.
The Apria healthcare going out of business speculation has been definitively answered by the company’s market position and financial stability. The merger with Owens & Minor has created a stronger entity, particularly in fast-growing categories like diabetes, home respiratory, and obstructive sleep apnea. This strategic combination has positioned the company in a market characterized by over 80% recurring revenue, ensuring sustainable long-term growth potential.
Current Operations and Service Delivery
As a leading provider of home healthcare equipment and services, Apria healthcare going out of business rumors contrast sharply with their extensive operational footprint. Initially established as a cornerstone of home medical care, the apria company continues to expand its service portfolio and geographic reach under new ownership.
Home healthcare services
The comprehensive service model of Apria healthcare going out of business speculation stands in stark contrast to their robust service offerings. Their core services encompass:
- Sleep and respiratory care services
- Negative Pressure Wound Therapy (NPWT)
- Specialized pharmacy network for respiratory medications
- Diabetes equipment through Byram Healthcare
- Home medical equipment and clinical support
Primarily, who owns apria healthcare has strengthened the company’s clinical standards, ensuring patient care remains at the forefront of operations. The organization maintains round-the-clock operations, delivering services seven days a week, 365 days per year.
Geographic presence
Currently, Apria healthcare going out of business concerns are unfounded given their extensive national presence. The company operates approximately 280 branch locations across the continental United States and Hawaii. This network enables them to maintain close relationships with local medical communities while providing nationwide coverage.
The apria healthcare group inc has strategically positioned its branches to serve patients effectively. Their infrastructure supports both local branch assistance and remote patient care, allowing healthcare providers to deliver services directly in patients’ homes.
Customer base
Essentially, Apria healthcare going out of business discussions overlook their substantial patient base of approximately 2 million patients annually. The company maintains the largest network of payor contracts in the industry, accepting Medicare, Medicaid, and most major insurance providers.
Their customer service infrastructure includes dedicated support teams available from 8:00 AM to 10:00 PM EST daily. Generally, the organization employs over 8,000 healthcare providers who deliver clinical services directly to patients’ homes. This extensive workforce enables personalized care delivery while maintaining high clinical standards across all service areas.
The company’s commitment to patient care is reflected in their comprehensive patient education programs, clinical assessments, and ongoing monitoring systems. Through these initiatives, they ensure continuous support for treatment plans and provide additional services when necessary.
Future Growth Prospects
Under the strategic direction of Owens & Minor, Apria healthcare going out of business concerns have transformed into ambitious growth projections. The combined entity anticipates generating substantial revenue, with Apria expected to contribute more than $900 million in the first year of integration.
Expansion plans
The apria healthcare group inc has outlined aggressive growth targets following the merger. Primarily, the company projects incremental annual revenue between $80 million to $100 million over the next three to five years. These figures demonstrate that Apria healthcare going out of business speculation has given way to robust expansion strategies.
The broader medical equipment rental market, where Apria healthcare going out of business rumors once circulated, now presents significant opportunities. In conjunction with market analysis, the sector is projected to grow from $7.84 billion in 2022 to $8.92 billion by 2028. This expansion is driven by:
- Rising chronic disease prevalence
- Growing patient population
- Increasing diagnostic procedures
- Technological advances in healthcare equipment
- Expanding network of hospitals and diagnostic centers
As indicated by market research, who owns apria healthcare has positioned the company to capture a larger share of this growing market. The Patient Direct segment, which includes Apria operations, demonstrates particular strength with over 80% recurring revenue. This stability supports long-term growth projections and market expansion initiatives.
Industry partnerships
The Apria healthcare going out of business narrative has been replaced by strategic alliance formation. Alternatively, the company focuses on strengthening its market position through innovative partnerships. One notable collaboration involves DMEscripts LLC, an independent e-prescribe company aimed at streamlining the order-to-delivery process.
This partnership, alongside other industry leaders, seeks to eliminate inefficiencies and reduce paperwork in the durable medical equipment sector. The initiative demonstrates Apria healthcare going out of business concerns have evolved into forward-thinking strategic moves.
The company has also established partnerships in patient financing, offering 0.00% APR payment plans through CarePayment to enhance accessibility to critical home medical equipment. These financial arrangements enable patients to manage medical expenses over time while maintaining access to essential care services.
Looking ahead, Apria healthcare going out of business discussions have been superseded by projected adjusted annual EBITDA increases of $40 million to $50 million through synergy realization. The company’s strategic positioning within the $50 billion market, characterized by strong demographics and increasing home health adoption, suggests sustained growth potential.
Apria Healthcare Going Out Of Business Frequently Asked Questions
Is Apria Healthcare going out of business?
As of now, Apria Healthcare is not going out of business. However, in 2022, it was acquired by Owens & Minor, a healthcare solutions company. While there may be operational changes, Apria continues to provide home healthcare services under its new ownership.
How has Apria Healthcare’s business changed recently?
Apria Healthcare has undergone significant changes, including its acquisition by Owens & Minor. This merger has expanded Apria’s service offerings, geographic reach, and market position in the home healthcare sector.
What services does Apria Healthcare currently provide?
Apria Healthcare offers a wide range of home healthcare services, including home respiratory therapy, sleep apnea treatment, diabetes care equipment, negative pressure wound therapy, and specialized pharmacy services for respiratory medications.
How extensive is Apria Healthcare’s operations?
Apria Healthcare operates approximately 280 branch locations across the continental United States and Hawaii, serving about 2 million patients annually. The company maintains a large network of payor contracts and employs over 8,000 healthcare providers.
What are Apria Healthcare’s future growth prospects?
Apria Healthcare has strong growth prospects, with projections to contribute over $900 million in revenue in the first year after its integration with Owens & Minor. The company aims to generate additional annual revenue of $80-100 million over the next 3-5 years, capitalizing on the expanding home healthcare market.