Air Products sells major portion of U.S. healthcare operations to Walgreens

LEHIGH VALLEY, Pa. Air Products announced it has sold all of its U.S. home infusion therapy services business and some elements of its respiratory and home medical equipment business to OptionCare Enterprises, a subsidiary of Walgreens.

The transaction includes Air Products’ ownership interests in certain of the companies previously operated as part of the Air Products Healthcare LLC Group, notably the home infusion therapy business of American Homecare Supply, Georgia (serving Atlanta and northern Georgia); Ultra Care and Dependicare (Chicago metropolitan area); Rx Pharmacy Services and Mosso’s Medical Supply Company (western Pennsylvania and Pittsburgh metropolitan area); Collins I.V. Care (Connecticut); and Air Products Healthcare Pharmacy (Lehigh Valley, Philadelphia metropolitan area and southern New Jersey).

Terms of the agreement were not disclosed.

The transaction represents nearly 50% of the remaining Air Products Healthcare Group portfolio, and includes 15 locations with 550 employees serving about 25,000 patients.

Walgreens-OptionCare delivers quality, compassionate, patient-focused home infusion, respiratory/oxygen and medical equipment services through more than 100 accredited home care facilities in 36 states. The company’s clinical programs provide the expert care coordination expected by patients, physicians and insurance plans for successful outcomes.