Apria Healthcare Group, Lake Forest, Calif., said it has received several expressions of interest from potential buyers for the home-health company and has asked Morgan Stanley to contact its suitors. Morgan Stanley will review Apria's financial records with potential buyers and Apria's board will consider "attractive" offers, the company said, adding that a sale was not guaranteed. Apria provides home respiratory and infusion therapy and home medical equipment through about 475 branches. The company reported net income of $25.2 million, or 51 cents per share, on revenue of $371.9 million in the first quarter. -- by Joseph Mantone
Home-care firm to consider 'attractive' purchase offers
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