Apria’s $139.7 Million Stock Offering

Simpson Thacher represented Apria, while Davis Polk advised the representatives of the several underwriters in the offering.

Apria, Inc. announced an $139.7 million SEC-registered offering of 5,175,000 shares of common stock, sold by a selling stockholder, which included 675,000 shares from the full exercise of the underwriters’ over-allotment option to purchase additional shares. Apria is traded on the Nasdaq Global Select Market under the symbol “APR.”

Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC acted as representatives of the underwriters for the offering.

Apria is a leading provider of integrated home healthcare equipment and related services in the United States, offering a comprehensive range of products and services for in-home care and delivery across three core service lines: (1) home respiratory therapy; (2) obstructive sleep apnea (“OSA”) treatment and (3) negative pressure wound therapy (“NPWT”). Additionally, Apria supplies a wide range of home medical equipment and other products and services to help improve the quality of life for patients with home care needs.

The Davis Polk corporate team included partner Michael Kaplan and associate Meaghan Kennedy. Counsel Kiara L. Rankin and associate Benjamin Helfgott provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice.

The Simpson Thacher team included Edgar Lewandowski, Will Golden, Elise Quinones, Pia Figuerola and Mari Zaldivar (Capital Markets); Jeannine McSweeney and Gregory Grogan (Executive Compensation and Employee Benefits); Jonathan Goldstein (Tax); Brad Goldberg, James Rapp and Charles Mathes (Public Company Advisory Practice); and Daniel Kay (Credit).

Involved fees earner: Marcie Goldstein – Davis Polk & Wardwell; Benjamin Helfgott – Davis Polk & Wardwell; Michael Kaplan – Davis Polk & Wardwell; Meaghan Kennedy – Davis Polk & Wardwell; Kiara Rankin – Davis Polk & Wardwell; Pia Figuerola – Simpson Thacher & Bartlett; Bradley Goldberg – Simpson Thacher & Bartlett; William Golden – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Gregory Grogan – Simpson Thacher & Bartlett; Daniel Kay – Simpson Thacher & Bartlett; Edgar Lewandowski – Simpson Thacher & Bartlett; Charles Mathes – Simpson Thacher & Bartlett; Jeannine McSweeney – Simpson Thacher & Bartlett; Elise Quinones – Simpson Thacher & Bartlett; James Rapp – Simpson Thacher & Bartlett; Mari Zaldivar – Simpson Thacher & Bartlett;

Law Firms: Davis Polk & Wardwell; Simpson Thacher & Bartlett;

Clients: Apria; Citigroup Global Markets Ltd; Goldman Sachs & Co.;

Author: Martina Bellini