Why Home Healthcare Equipment Provider Apria Shares Are Soaring Premarket Today?


Owens & Minor Inc OMI has agreed to acquire Apria Inc APR for $37.50 in cash per share of common stock, representing an equity value of approximately $1.45 billion.

  • Apria is a provider of integrated home healthcare equipment and related services in the US.
  • The deal strengthens the total value proposition and positions Owens & Minor as a leader in the home healthcare market. 
  • The transaction builds upon Owens & Minor's strong product manufacturing and healthcare services capabilities.
  • The transaction is accretive to revenue, adjusted EBITDA, adjusted EPS, and enhances OMI's free cash flow generation.
  • Broadens OMI's Patient Direct product portfolio by combining OMI's diabetes, ostomy, incontinence, and wound care with Apria's product portfolio strength in-home respiratory, obstructive sleep apnea, and negative pressure wound therapy. 
  • Creates a platform for future growth within highly fragmented and growing space, with an approximate $50 billion total addressable market.
  • The price per share represents a 26% and 24% premium over Apria's closing share price on January 7, 2022, and a 30-day volume-weighted average price, respectively.
  • The transaction is expected to close during 1H of 2022.
  • Price Action: APR shares are up 24.2% at $36.90 during the premarket session on the last check Monday. OMI stock closed at $45.08 on Friday.
Market News and Data brought to you by Benzinga APIs
Posted In: M&ANewsHealth CareSmall CapMoversTrading IdeasGeneralBriefswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!