Blackstone to buy home healthcare provider for $1.6bn(3)

Apria Healthcare Group, which has 550 branches, has also secured a $280m credit facility in conjunction with the take-private, a positive sign for for the leveraged buyout world as healthcare continues to be a favored target.

The Blackstone Group has agreed to a $1.6 billion (€1 billion) take-private of home healthcare service provider Apria Healthcare Group.

The mega-buyout firm will pay Apria shareholders $21 per share, a premium of roughly 33 percent over the company's closing share price yesterday of $15.79 and a 29 percent premium over its 30 day average of $16.22.

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