Lake Forest-based home healthcare provider Apria Healthcare Group Inc. has seen buyer interest, but a sale could be drawn out because of a lawsuit, debt and Medicare issues, analysts said.
There’s been no word from the company nearly four months after Apria said it hired Morgan Stanley & Co. to look at potential buyout offers.
Apria, which provides breathing treatments, drugs and medical equipment to patients in their homes, said in June a sale could come,if at all,by year’s end.
Normally talkative Apria Chief Executive Larry Higby passed on an interview for this story. Spokeswoman Lisa Getson also declined to comment on the status of a possible sale, saying Apria was in a “quiet period.”
Of course, a deal could be in the works. But analysts said they aren’t surprised that nothing’s come about yet.
For more on this story, see the Sept. 26 edition of the Business Journal.
