Firm Advises Blackstone on Apria Healthcare Acquisition
06.20.08
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The firm is representing The Blackstone Group in its announced acquisition of Apria Healthcare Group Inc., a leading home healthcare services company, for approximately $1.6 billion. Apria shareholders will receive $21 in cash for each share of common stock they own, representing a 33% premium over Apria's pre-announcement closing share price. The Company runs nearly 550 respiratory and infusion therapy centers throughout the United States and treats more than 2 million patients each year. The transaction is expected to close in the second half of 2008, subject to customary closing conditions.
The Simpson Thacher team working on this deal includes: Bill Dougherty, Kevin Lehpamer, Pierre-Luc Arsenault and Yueting Liang (M&A); Alden Millard, Brian Steinhardt, Jennifer Chien and Ishan Banerjee (Credit); Ed Tolley (Capital Markets); Greg Grogan, Bill Herochik and Joseph Tobin (Employee Benefits); Gary Mandel and Jonathan Talansky (Tax); Julie Levy and Jacqueline Rosenblum (Labor); Joe Tringali and Kenneth Ehrhard (Antitrust); Marcia Griffith (Litigation); summer associates Eric Gyasi; as well as paralegals Jason Mull and Christopher Stone.