Apria Healthcare Group enters into national agreement with United HealthCare Corporation; company becomes only nationally contracted respiratory therapy and home medical equipment provider; provision for infusion therapy services added.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)--July 19, 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. ) (formerly Abbey Healthcare Group and Homedco Group), Wednesday announced that it has entered into a national agreement with Minneapolis, Minn.-based United HealthCare Corporation (NYSE NYSE See: New York Stock Exchange :UNH Unh The symbol for the element unnilhexium. ), a leader in health care management whose offerings include HMO's and PPO's among other health plan management services. Under the agreement, which became effective July 1, 1995, Apria Healthcare is the only nationally contracted homecare provider for 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, and home medical equipment to United's 3.8 million members throughout the country. Additionally, Apria Healthcare will be a provider of infusion therapy services nationwide. Previously, both Abbey and Homedco had been the only two national providers of choice to United's 21 locally-based owned and managed health plans. As a result of the merger, United chose to elect Apria Healthcare as its nationally contracted provider based upon the strengths of the combined company as well as the exceptional service and quality of care which was delivered by each company under their respective contracts. Commenting on the expanded agreement, Jeremy M. Jones, Apria Healthcare's chairman and chief executive officer, stated "We greatly value the relationship we have developed with United HealthCare and are committed to meeting the needs of its vast membership throughout the country. Our combined company is able to offer enhanced service capabilities through a broader geographic network as well as more extensive patient care programs." Timothy M. Aitken, vice chairman and president at Apria Healthcare, added, "The expansion of our contract with United is based upon our ability to successfully coordinate all facets of our comprehensive homecare offering. We look forward to the new opportunity to provide United's members with our wide array of infusion therapies which is a key component of our integrated homecare approach." Costa Mesa, Calif.-based Apria Healthcare provides and/or manages comprehensive integrated homecare services which include home infusion, respiratory therapy, 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 branches serving patients in 48 states. CONTACT: Apria Healthcare Group Susan J. Lewis, 719/520-1313 |
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