LMI Picks Up Air Products NE Operations

MOUNT VERNON, N.Y. — Landauer Metropolitan Inc. has acquired another
three divisions from Air Products Healthcare.

The transaction includes American Homecare Supply in upstate New
York; Denmark’s LLC, operating in Massachusetts, New Hampshire and
Rhode Island; and the assets of Rhode Island-based Air Products
Seating and Mobility, representing a total of seven branches. Terms
of the deal were not disclosed.

“We are very excited with this latest acquisition,” said LMI CEO
Louis Rocco. “These solid businesses have strong market positions,
sound management and processes and tremendous upside potential.
With 28 service locations from Boston to Washington and as far west
as Buffalo and Harrisburg, LMI is now firmly positioned as the home
medical equipment industry leader in the Northeast.”

This is LMI’s third acquisition from Air Products Healthcare,
following its purchase of the metropolitan New York City and New
Jersey operations in August 2008, and the acquisition of Healthcare
businesses throughout Connecticut, eastern and central
Pennsylvania, Maryland, Washington, D.C. and northern Virginia in
May 2009.

In July 2008, Air Products, Lehigh Valley, Pa., said it planned
to sell its U.S. Healthcare business, which had operations in 80
eastern U.S. locations. Based on a review of the market, the
company said at the time, U.S. Healthcare no longer fit its
business portfolio. (See Air Products Looks to Sell
U.S. Healthcare, July 28, 2008.)

In May this year, the company sold its U.S. home infusion
therapy business and some elements of its respiratory and HME
business to Walgreens subsidiary OptionCare Enterprises. (See
Air
Products Sells Infusion Business to Walgreens’ OptionCare, May
11, 2009.)

Landauer Metropolitan is the largest privately held home medical
equipment company in the northeastern United States, servicing more
than 250 health insurance benefit organizations in addition to
Medicaid and Medicare through its 28 locations.