Air Products Completes Sale of A&J Care and COPD Services to Landauer Metropolitan
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.”
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