LEHIGH VALLEY, Pa.--Air Products announced earlier today the
company has sold all of its U.S. home infusion therapy business and
some elements of its respiratory and HME business to Walgreens
subsidiary OptionCare Enterprises. Terms of the deal were not
disclosed.
The transaction includes Air Products' interests in the home
infusion therapy business of American Homecare Supply (Atlanta and
northern Georgia); Ultra Care and Dependicare (Chicago); Rx
Pharmacy Services and Mosso's Medical Supply Company (western
Pennsylvania and Pittsburgh); Collins I.V. Care (Connecticut); and
Air Products Healthcare Pharmacy (Lehigh Valley, Philadelphia and
southern New Jersey).
Last July,
Air Products 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.
Since, Landauer Metropolitan has bought Air Products’ A&J
Care locations in New York and its COPD Services locations in New
Jersey. ATG Rehab has acquired Air Products Seating and Mobility, a
division of Air Products Healthcare.
According to a release, the latest transaction represents nearly 50
percent of the remaining Air Products Healthcare Group portfolio
and includes 15 locations with 550 employees serving about 25,000
patients.
With
its $850 million blockbuster purchase of OptionCare in 2007,
Walgreens catapulted into the top eschelon of the nation's home
infusion players.
In February, OptionCare acquired Tampa, Fla.-based CareMax Medical Resources, which offers home infusion, respiratory and DME in Colorado, Florida, Pennsylvania and Texas.