FTC Clears Apria Purchase of Hospice Firm
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COSTA MESA — Apria Healthcare Group Inc.’s planned acquisition of Vitas Healthcare Inc., a private Miami-based hospice, has been cleared by the Federal Trade Commission, which was conducting a routine antitrust inquiry.
Apria, one of the nation’s largest home health-care companies, said earlier this month that it has signed a letter of intent to acquire Vitas for $212 million. Apria said the stock deal should close later this summer.
As part of the transaction, Apria will assume an unspecified amount of debt from Vitas, which will become a wholly owned Apria subsidiary and will continue to operate under its own name.
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