Landauer-Metropolitan, Inc.

September 24, 2009 18:42 ET

LMI Acquires Air Products Healthcare Operations in the Northeast

MOUNT VERNON, NEW YORK--(Marketwire - Sept. 24, 2009) - Landauer-Metropolitan, Inc. ("LMI") today announced the acquisition of three divisions of Air Products Healthcare.

The transaction includes American Homecare Supply in upstate New York, Denmark's LLC, operating in Massachusetts, New Hampshire and Rhode Island, and the assets of Rhode Island-based Air Products Seating and Mobility, representing a total of seven branches.

Louis Rocco, LMI's CEO, commented "we are very excited with this latest acquisition. These solid businesses have strong market positions, sound management and processes, and tremendous upside potential. With 28 service locations from Boston to Washington and as far west as Buffalo and Harrisburg, LMI is now firmly positioned as the home medical equipment industry leader in the Northeast".

This is LMI's third acquisition from Air Products Healthcare, following the acquisition of the Metropolitan New York City and New Jersey operations in August 2008, and the acquisition of Healthcare businesses throughout Connecticut, Eastern and Central Pennsylvania, Maryland, Washington DC and Northern Virginia in May 2009.

About LMI

Landauer-Metropolitan, Inc. is the largest privately held home medical equipment company in the northeastern United States. LMI services more than 250 health insurance benefit organizations in addition to Medicaid and Medicare throughout its 28 service locations. The company is accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO). LMI is a portfolio company of Clairvest Group Inc. (TSX:CVG) and Clairvest Equity Partners.

Contact Information

  • Landauer-Metropolitan, Inc.
    Joe Luceri
    Chief Financial Officer
    (888) 243-3456
    (215) 392-3407 (FAX)
    jluceri@landmetro.com