Further healthcare sales announced by Air Products


Air Products yesterday announced that it has made further divestments in its healthcare portfolio, having sold three of its US healthcare businesses to Landauer-Metropolitan, Inc. (LMI).

As the largest provider of durable medical equipment, respiratory and infusion services in the northeast US, LMI’s purchase of three more units strengthens the company further and adds to the two businesses it acquired from Air Products last year.

September 2008 saw Air Products complete the sale of two other US healthcare businesses to LMI, including A&J Care in New York and COPD Services in New Jersey.

Terms of the newly announced deal were not disclosed, but its understood that the sale includes Air Products’ ownership interests in certain companies previously operated as part of the Air Products Healthcare LLC Group – namely Genox Homecare, Mid-Atlantic Healthcare, and Young’s Medical Equipment.

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