Simpson Thacher represented Apria, Inc. ("Apria") in connection with a secondary offering of common stock by a selling stockholder affiliated with The Blackstone Group Inc. The offering of 5,175,000 shares of Apria common stock, which included the full exercise of the underwriters’ option to purchase 675,000 additional shares, raised over $139 million in gross proceeds, with the selling stockholder receiving all of the proceeds from the offering.
Apria (Nasdaq: APR), a Blackstone portfolio company, is a leading provider of integrated home healthcare equipment and related services in the United States, providing home respiratory therapy, obstructive sleep apnea treatment and negative pressure wound therapy.
The Simpson Thacher team included Edgar Lewandowski, Will Golden, Elise Quinones, Pia Figuerola and Mari Zaldivar (Capital Markets); Jeannine McSweeney and Gregory Grogan (Executive Compensation and Employee Benefits); Jonathan Goldstein (Tax); James Rapp and Charles Mathes (Public Company Advisory Practice); and Daniel Kay (Credit).