Is Apria Healthcare Going Out of Business? Decode the Rumors

There have been rumors that Apria Healthcare going out of business. However, Apria Healthcare is not closing its doors. The company continues to thrive under the ownership of Owens & Minor, which acquired it in March 2022. 

Apria remains a leading provider of home healthcare services, offering vital medical equipment and therapies. With a focus on growth and service improvements, Apria is positioned to continue delivering top-quality care to patients across the United States.

This article explores the company’s current status, recent developments, and the impact of its new ownership, providing a comprehensive understanding of Apria Healthcare’s future.

What Kind of Company is Apria Healthcare?

Apria Healthcare is a leading provider of home healthcare services in the United States. It specializes in offering essential medical equipment and therapies directly to patients in their homes.

The company focuses on respiratory care, sleep apnea treatment, and wound care. Apria uses specialized medical devices and services to help people manage chronic conditions and recover from surgeries or illnesses.

Apria is now a wholly owned subsidiary of Owens & Minor, after being acquired in March 2022. This acquisition allows Apria to enhance its range of healthcare products and improve patient care.

Is Apria Healthcare Closing Its Doors?

No, Apria Healthcare is not going out of business. The company continues to operate under the ownership of Owens & Minor, Inc., which acquired Apria in March 2022. Although Apria had previously considered selling, it ultimately decided not to pursue a sale and instead focus on revenue growth and operational improvements. 

The acquisition by Owens & Minor was a strategic move to expand their home healthcare services, and Apria is now part of Owens & Minor’s broader home healthcare portfolio. So, Apria is still active in the industry and not facing closure.

Is Apria Healthcare in Financial Trouble?

No, Apria Healthcare is not in financial trouble. Although the company faced some challenges in 2005, it remains on track for future growth. Now, the acquisition by Owens & Minor was not driven by financial distress but rather by a desire to enhance their home healthcare services.  

Owens & Minor is a well-established healthcare solutions company that recognized the value of Apria Healthcare’s strong position in the home healthcare industry. This acquisition has allowed Apria to expand its service offerings and capabilities, not to solve financial struggles.

Revenue Performance and Challenges

Apria reported modest revenue growth of just 1 percent in the third quarter of 2005, reaching $367.6 million. However, its net income dropped from $29.8 million in 2004 to $19.3 million in 2005.

This decline was primarily due to reimbursement cuts for home medical equipment, oxygen, and respiratory medications.

Adjusted Growth Expectations

Apria has revised its 2005 revenue expectations to 2 to 3 percent growth, indicating a more conservative outlook due to the reimbursement changes. However, the company is optimistic for 2006, expecting a 5 percent revenue increase.

Strategic Measures for Growth

To improve its financial standing, Apria has secured several new contracts, including partnerships with Cigna, Kaiser Permanente, and Aetna. These contracts, along with acquisitions and expanding Medicare Advantage business, will help the company drive organic growth moving forward.

Change in Ownership: Apria is Now Part of Owens & Minor

The rumor about Apria Healthcare going out of business likely arose due to the acquisition by Owens & Minor in March 2022. Corporate changes like mergers or acquisitions often lead to confusion or speculation about a company’s future. 

Some may have mistakenly thought this meant the company was shutting down or in financial distress. However, this acquisition was a strategic move to expand Owens & Minor’s home healthcare offerings, not a result of financial problems at Apria. 

Apria continues to operate as a wholly-owned subsidiary of Owens & Minor, and the acquisition aimed to enhance its services and product portfolio, not close the business. So, while the acquisition may have sparked rumors, it was a move to strengthen, not end, Apria Healthcare’s operations.

What Does the Acquisition Mean for Apria Healthcare?

The acquisition of Apria Healthcare by Owens & Minor means several key changes:

1. Integration into Owens & Minor’s Operations: Apria is now part of Owens & Minor’s home healthcare portfolio, alongside Owens & Minor’s existing Byram Healthcare business. This integration enhances the range of healthcare products and services offered.
2. Expanded Product Offerings: The acquisition broadens the scope of services Apria provides including chronic and acute care needs like diabetes, wound care, home respiratory, and obstructive sleep apnea treatments.
3. Stronger Market Position: Apria benefits from Owens & Minor’s established distribution network and resources, which should improve efficiency and patient care.
4. Enhanced Customer Experience: The combination with Owens & Minor aims to create a more efficient, single-source healthcare delivery model, offering a better experience for patients, providers, and payers.

How Has the Acquisition Impacted Customers?

The acquisition of Apria by Owens & Minor has positively impacted customers in several ways:

1. Expanded Service Offerings: Customers now have access to a broader range of home healthcare products and services, including treatments for diabetes, wound care, respiratory needs, and sleep apnea.
2. Improved Care Delivery: The integration aims to create a more efficient healthcare delivery model, ensuring smoother transitions from hospital to home and better patient care overall.
3. Enhanced Experience: With Owens & Minor’s extensive distribution network and resources, customers may experience faster and more reliable service.
4. Stronger Support: The acquisition strengthens Apria’s ability to support a wider array of chronic and acute care needs, improving the overall healthcare experience for patients and their families.

Current Status of Apria Healthcare

Apria Healthcare is fully operational and continues to thrive under the ownership of Owens & Minor. The company is not going out of business as some rumors suggested. Check the website and social media accounts for the latest updates on Apria Healthcare’s current status.

How Will the Merger Affect Apria’s Operations?

As part of Owens & Minor, Apria is now part of the Patient Direct segment. This change means that Apria’s home healthcare services will be better integrated with Owens & Minor’s other healthcare solutions, offering a more seamless experience for patients.

Apria’s leadership, including its former CEO Daniel J. Starck, will continue to guide the Patient Direct division. This ensures that the company remains focused on providing top-notch care.

Apria’s Future: What’s Next?

The future looks bright for Apria under Owens & Minor’s ownership. With the combined strengths of Byram Healthcare and Apria, the company is set to become a leader in home healthcare. 

Apria will continue to support its patients with a comprehensive range of services, from respiratory care to wound care.

Final Thoughts: Apria is Here to Stay

Apria Healthcare is not going out of business. The company is thriving under Owens & Minor’s ownership. With a clear focus on growth and operational improvements, Apria is set for long-term success. 

The acquisition by Owens & Minor will allow Apria to provide even better care and a wider range of services to patients. April is here to stay and will continue to lead in home healthcare.