Who owns apria

Formerly Known As. Abbey Healthcare Group. Ownership Status. Publicly Held. Financing Status. Private Equity-Backed. Primary Industry. Other Industries.

Medical Supplies. Specialty Retail. Stock Exchange. Primary Office. What you see here scratches the surface Request a free trial. Want to dig into this profile? Apria Healthcare Group Stock Performance. Apria Healthcare Group Financials Summary. Public Fundamental Data provided by Morningstar, Inc. Request a free trial. Apria Healthcare Group Comparisons. HQ Location. Total Raised. Post Valuation. Last Financing Details. The company o. Indianapolis, IN. But some Wall Street analysts expressed doubt that Lincare would become a takeover target, saying the government payment environment would remain shaky despite the support from lawmakers that the industry has garnered.

Private equity investment in healthcare service companies took off in with the leveraged buyout of No. Other deals followed for nursing homes Genesis Healthcare and Manor Care. Activity has stalled in recent months in line with a general waning of deals with the economic slowdown in the U. As a result, Apria routinely billed Medicare and other programs when it did not know whether NIVs were still being used by patients and, therefore, remained medically necessary. Further, even when Apria had information indicating that patients were no longer using their NIVs, it often continued to bill the federal health programs.

However, the US Department of Justice signaled earlier this year that it will more actively pursue False Claims Act actions against private equity firms that own health care companies. The Private Equity Stakeholder Project has previously raised questions about whether it is appropriate for private equity firms to use their health care portfolio companies as vehicles to raise debt in order to pay themselves dividends, especially as the COVID pandemic strains the resources of critical health care services.

Dividend recapitalizations burden companies with higher debt and leave them on the hook for interest payments, while providing payouts to the private equity owners. The need to make up for these capital extractions combined with the high returns typically expected by private equity investors may incentivize risky profit-seeking behavior that can hurt patient care.