Apria Healthcare Group Inc. enters into national agreement with Paradigm Health Corporation.COSTA MESA, Calif.--(BUSINESS WIRE)--Nov. 6, 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. ), created recently as a result of the merger between Abbey Healthcare Group Incorporated and Homedco Group Inc., Monday announced it has entered into a national agreement with Concord, Calif.-based Paradigm Health Corporation. Under the agreement, which became effective Oct. 1, 1995, Apria Healthcare provides respiratory and infusion therapy as well as home medical equipment to Paradigm's patients nationwide. Costa Mesa, Calif.-based Apria Healthcare provides and/or manages comprehensive integrated homecare 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 healthcare, nursing and coordinated care through 350 locations serving patients in 49 states. Paradigm is a four-year-old, nationally based managed healthcare service organization that provides fixed per-patient case-rate pricing for complex catastrophic injuries, including traumatic brain injury Traumatic brain injury (TBI), traumatic injuries to the brain, also called intracranial injury, or simply head injury, occurs when a sudden trauma causes brain damage. TBI can result from a closed head injury or a penetrating head injury and is one of two subsets of acquired brain , spinal cord injury Spinal Cord Injury Definition Spinal cord injury is damage to the spinal cord that causes loss of sensation and motor control. Description Approximately 10,000 new spinal cord injuries (SCIs) occur each year in the United States. , severe burns, and multiple trauma. Paradigm customers include a number of national and regional Worker's Compensation payors in both the commercial and public sectors. Both Timothy M. Aitken, Apria Healthcare's Vice Chairman/President, and Mike Grisham, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. for Paradigm, endorsed the new agreement, citing the opportunity to assure overall cost and quality controls for Paradigm's customers. CONTACT: Apria Healthcare Group Inc. Susan J. Lewis, 714/957-2416 or 714/673-1733 (after hours) or Paradigm Health Corporation Paul LaPine, 800/666-1036 or 510/676-2300 |
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