Apria Healthcare Group Inc. Vice Chairman and President Timothy M. Aitken notifies company of his leaving in November.COSTA MESA Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. , Calif.--(BUSINESS WIRE)--Nov. 7, 1995--Apria Healthcare Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :APRA APRA (ä`prä) or the Alianza Popular Revolucionaria Americana, reformist political party in Peru, also called the Partido Aprista. ) Tuesday announced that Vice Chairman and President Timothy M. Aitken has notified the company that he will be leaving in November 1995. In making this announcement, Aitken said: "Apria has now processed successfully a substantial part of the consolidation in connection with the merger of the Abbey Healthcare and Homedco organizations. With the imminent prospect of reductions in government reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. , it is clear that further cost savings should be made. "Given that I am, and always have been, a strong advocate of the company controlling its costs, I have decided to do my part by eliminating my own position. "Apria is in very good hands managerially and is set to achieve its business objectives. My job here is therefore done, and it is time for me to look at new opportunities and challenges. I remain a significant stockholder in the company." Jeremy M. Jones, Apria's chairman and chief executive officer, said: "Tim has been instrumental in facilitating the smooth merger of the Abbey and Homedco businesses. We thank him for his significant contribution and recognize the outstanding job he did in rebuilding Abbey." Apria Healthcare Group Inc. was formed in June 1995 through the merger of Abbey Healthcare Group Incorporated and Homedco Group Inc. Aitken had been chairman, chief executive officer and president of Abbey prior to the merger. Costa Mesa-based Apria Healthcare provides and/or manages comprehensive integrated home-care services which include home infusion, respiratory therapy respiratory therapy Medical profession concerned with assisting the respiratory function of individuals who have severe lung disorders. Practices include suctioning to clear secretions from the airway, use of aerosol mists (sometimes medicated) or gases to ease breathing, , home medical equipment, women's health Women's Health Definition Women's health is the effect of gender on disease and health that encompasses a broad range of biological and psychosocial issues. care, nursing and coordinated care through 350 locations serving patients in 49 states. CONTACT: Apria Healthcare, Costa Mesa Lawrence H. Smallen, 714/668-4935 Susan J. Lewis, 714/957-2416 |
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