Coram Considers Buying Apria
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COSTA MESA — A Denver health-care company is considering making a bid for Apria Healthcare Group Inc., the Costa Mesa home health care provider that is seeking a buyer.
Coram Healthcare Corp. is looking at Apria, even though Apria is the larger of the two home health-care companies, said Richard Smith, Coram’s chief financial officer.
Coram also said its chairman and chief executive, Donald Amaral, will take his 1998 base salary of $650,000 in company stock in an effort to raise investor confidence as Coram considers the acquisition.
Apria hired Goldman Sachs & Co. earlier this year to look for potential buyers. Apria says it has received proposals from a number of interested buyers. Former executive Timothy M. Aitken and a New York investment group made a $1.45-billion bid in October.
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