Air Products Completes Sale of A&J Care and COPD Services to Landauer Metropolitan
September 05 2008 - 10:00AM
PR Newswire (US)
LEHIGH VALLEY, Pa., Sept. 5 /PRNewswire-FirstCall/ -- 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 http://www.airproducts.com/.
***NOTE: This release may contain forward-looking statements.
Actual results could vary materially, due to changes in current
expectations. DATASOURCE: Air Products CONTACT: Media Inquiries,
Beth Mentesana, +1-610-481-2459, ; or Investor Inquiries, Nelson
Squires, +1-610-481-7461, , both of Air Products Web site:
http://www.airproducts.com/
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