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LAKE FOREST, Calif., and DANBURY, Conn. - Need proof that, with competitive bidding and other reimbursement pressures, providers are looking to build scale? Here it is: Apria Healthcare announced Feb. 2 that it will buy Praxair's U.S. homecare business.
"Given me current environment, it takes scale to be effective," said Bob Leonard, an analyst with The Braff Group, a Pittsburgh-based M&A firm.
Terms of the deal were not...