Air Products has completed the sale of its US healthcare businesses, A&J Care and COPD Services, to Landauer Metropolitan Inc. (LMI), having previously announced plans to divest the underperforming business.
LMI is the largest provider of durable medical equipment, respiratory and infusion services in the northeast, based in Mount Vernon, New York.
In July, Air Products announced plans to sell its US Healthcare business and begin reporting the business as a discontinued operation, having felt that the perhaps underperforming business was no longer a good business fit.
“We are pleased to complete this sale to LMI as they are a large and reputable supplier of homecare products and services,” said Phil Sproger, Vice President and General Manager, US Healthcare.
“We wish our employees well as they continue their employment with LMI and thank them for their hard work and dedication under difficult circumstances.”
As part of the July announcement, the company said it had reached preliminary agreement to sell A&J Care’s metropolitan New York operations in Glendale and Peekskill and COPD Services’ New Jersey operations in Runnemede, Cape May Courthouse and Cedar Grove.
Meanwhile Air Products has recently announced that, effective as of 1st October, it will be increasing the price of various Electronic Specialty Materials by up to 30% in all regions of the world. The company also revealed it will be increasing the prices for all Dabco TEDA-based products by 10-20% and all other polyurethane catalysts and additives for the polyurethane market by 5-10%.