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Insurance vets could cash in; Blackstone Group set to pay $21 per share for Apria.

Publication: Modern Healthcare
Publication Date: 07-JUL-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Insurance vets could cash in; Blackstone Group set to pay $21 per share for Apria.(The Week in Healthcare)(veterans)(Apria Healthcare Group Inc.)

Article Excerpt
Byline: Rebecca Vesely

Two veteran health insurance executives are set to get a payday with the sale of home health company Apria Healthcare Group to the private-equity firm Blackstone Group.

Under the terms of the $1.6 billion proposed sale, Blackstone will pay $21 in cash per share, or $921.1 million, to shareholders, and assume Apria's debt of $671 million, to take the Lake Forest, Calif.-based company private (June 23, p....

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