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BUSINESS
November 7, 1996 | BARBARA MARSH, TIMES STAFF WRITER
Apria Healthcare Group Inc., reacting to its slumping stock price, said Wednesday that it wants to drop plans to buy Vitas Healthcare Corp. of Miami. The Costa Mesa-based home health care giant would focus, instead, on boosting the revenue and profit in its basic business--a source of disappointment for analysts since the merger last year of two Orange County companies that formed Apria.
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BUSINESS
November 27, 1996
Apria Healthcare Group Inc. said it will record fourth-quarter charges of $7 million to $10 million--higher than previous estimates--related to the termination of its planned merger with Vitas Healthcare. Costa Mesa-based Apria, which provides home health-care services, previously estimated charges of $4 million to $8 million in connection with the termination.
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BUSINESS
November 14, 1996 | BARBARA MARSH, TIMES STAFF WRITER
Apria Healthcare Group Inc. said Wednesday that it is calling off plans to acquire Miami-based hospice operator Vitas Healthcare Corp. after concluding that the combined operations would be a drain on Apria's earnings next year. The Costa Mesa company, which announced the acquisition plans on June 6, originally touted the $212-million deal as a way to expand beyond its home-care business into care for the terminally ill.
BUSINESS
November 14, 1996 | BARBARA MARSH, TIMES STAFF WRITER
Apria Healthcare Group Inc. said Wednesday that it is calling off plans to acquire Miami-based hospice operator Vitas Healthcare Corp. after concluding that the combined operations would be a drain on Apria's earnings next year. The Costa Mesa company, which announced the acquisition plans on June 6, originally touted the $212-million deal as a way to expand beyond its home-care business into care for the terminally ill.
BUSINESS
November 27, 1996
Apria Healthcare Group Inc. said it will record fourth-quarter charges of $7 million to $10 million--higher than previous estimates--related to the termination of its planned merger with Vitas Healthcare. Costa Mesa-based Apria, which provides home health-care services, previously estimated charges of $4 million to $8 million in connection with the termination.
BUSINESS
June 26, 1996
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.
BUSINESS
August 8, 1996
Apria Healthcare Group Inc. said it has arranged for a new, $800-million revolving credit line, to be financed by a syndicate of 18 banks led by Bank of America and NationsBank. Apria, a Costa Mesa-based provider of home health-care services and products, said the agreement is expected to be signed Friday. The new borrowing limit will provide Apria with about $400 million more than its present credit level, said Jeremy M. Jones, Apria chairman and chief executive officer.
BUSINESS
February 22, 1995
Community Hospice Care Purchased: A Florida provider of hospice services said Tuesday that it has purchased the assets of Community Hospice Care Inc. of Orange County, which operates programs from six locations in Southern California. Vitas Healthcare Corp. in Miami did not disclose the sale price, but a spokeswoman said that it will retain all of Community Hospice's 800 employees and use the company's main office in Anaheim as its regional administrative headquarters.
CALIFORNIA | LOCAL
February 10, 1999 | ROBERTO J. MANZANO
U.S. Postal Service, government and hospice officials gathered Tuesday at the Woodland Hills Post Office to celebrate the nationwide unveiling of a hospice care stamp. The postal service will issue 100 million of the first-class, 33-cent stamps, said spokeswoman Terri Bouffiou. The self-adhesive stamp depicts a butterfly flying above a field, a tree and a white house. "It isn't a stamp for collectors," Bouffiou said.
BUSINESS
November 14, 1996 | Times Staff and Wire Reports
Apria Healthcare Group Inc. said it is calling off plans to acquire Miami-based hospice operator Vitas Healthcare Corp. after concluding that the deal would be a drain on Apria's earnings next year. The Costa Mesa company, which announced the acquisition plans June 6, originally touted the $212-million transaction as a way to expand beyond its home-care business into care for the terminally ill. But after Apria's stock tumbled 37% to $19.
BUSINESS
November 7, 1996 | BARBARA MARSH, TIMES STAFF WRITER
Apria Healthcare Group Inc., reacting to its slumping stock price, said Wednesday that it wants to drop plans to buy Vitas Healthcare Corp. of Miami. The Costa Mesa-based home health care giant would focus, instead, on boosting the revenue and profit in its basic business--a source of disappointment for analysts since the merger last year of two Orange County companies that formed Apria.
BUSINESS
June 26, 1996
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.
BUSINESS
March 2, 1997 | JAMES S. GRANELLI, TIMES STAFF WRITER
Billing errors and legal settlements at Apria Health Group Inc. contributed to unexpectedly high write-offs totaling $76 million and dropped the health care company's annual profit to $33.3 million, the company said Friday. Apria's earnings, amounting to 64 cents a share, still marked a turnaround from the previous year's loss of $74.5 million, or 58 cents a share. Even after adjusting its revenue figures, the company posted a 9% increase to $1.2 billion last year from $1.
BUSINESS
June 7, 1996 | MARLA DICKERSON, TIMES STAFF WRITER
Apria Healthcare Group Inc., one of the nation's largest home health care companies, said Thursday it intends to purchase a private Miami-based hospice service for $212 million. Apria officials said they have signed a letter of intent to merge with Vitas Healthcare Corp. in a stock deal that should close by mid-summer. Vitas, which posted 1995 revenue of $230 million, will become a wholly-owned subsidiary of Apria and will continue to operate under its own name.
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