Simpson Thacher represented Apria, Inc. (“Apria”) in connection with a secondary offering of common stock by a selling stockholder affiliated with Blackstone Inc. The offering of 4,500,000 shares of Apria common stock, raised $141.75 million in gross proceeds, with the selling stockholder receiving all of the proceeds from the offering. In addition, the selling stockholder granted the underwriters a 30-day option to purchase up to an additional 675,000 shares of Apria common stock.
Apria (Nasdaq: APR) 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, Matt Hart and Taylor Nefussy (Capital Markets); Jeannine McSweeney (Executive Compensation and Employee Benefits); Jonathan Goldstein and Adam Hersch (Tax); and Jennifer Nadborny and Charles Mathes (Public Company Advisory Practice).