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Apria Healthcare Signs Definitive Agreement to Acquire Coram, Inc.
Date:10/15/2007

a Healthcare. "The transaction supports our strategy of diversifying our service offering by adding and expanding complementary product lines that fit well with our core competencies. In addition, this expansion makes Apria significantly less reliant on government reimbursement policies, since government payors will represent a smaller percentage of our overall business. As a leading provider in the home infusion industry, Coram has long been known for its patient care-focused reputation, clinical leadership and innovative programs which benefit patients, manufacturers, physicians and payors alike. We believe the combination will enable us to serve our combined patient and customer base even better."

Headquartered in Denver, Colorado with approximately 2,100 employees nationwide, Coram provides a comprehensive range of home infusion therapies to more than 65,000 patients through a network of more than 70 home infusion branches across the country and 50 company-owned and operated ambulatory infusion suites.

The company has a large presence in the blood derivative market including Aralast (R), intravenous immune globulin (IVIG) and clotting factor for Hemophilia. In addition, CoramRx (R) provides specialty pharmaceuticals, drug delivery and clinical management services to patients with chronic or rare conditions. The division provides injectable, infused and oral medications to patients and physician offices nationwide, supporting both major medical and pharmacy benefit programs.

Coram Chairman, President & Chief Executive Officer, John J. Arlotta, and the company's management team will continue to lead Coram's operations after the merger and coordinate the integration of the two companies' infusion businesses.

In commenting on the transaction, Mr. Arlotta stated, "Coram has always been dedicated to serving patients and customers with the highest level of clinical quality and responsiveness. The combined company will further enhance our reputat
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SOURCE Apria Healthcare Group Inc.
Copyright©2007 PR Newswire.
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