September 05, 2008 Lehigh Valley, Pa.
Air Products (NYSE:APD) has completed the sale of its U.S. healthcare businesses, A&J Care and COPD Services, to Landauer Metropolitan Inc. (LMI), the largest provider of durable medical equipment, respiratory and infusion services in the northeast, based in Mount Vernon, NY. Terms of the deal were not disclosed.
Air Products announced in July plans to sell its U.S. Healthcare business and begin reporting the business as a discontinued operation. As part of that 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. The 180 employees associated with these businesses have been offered employment with LMI.
“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, U.S. 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.”
Air Products (NYSE:APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. Air Products has annual revenues of $10 billion, operations in over 40 countries, and 22,000 employees around the globe. For more information, visit www.airproducts.com.
NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.