Sinfonia acquires 4th home-health firm

Sinfonia HealthCare Corp., a new home health-care company launched by former Providence Service Corp. CEO Fletcher McCusker, has signed an agreement to acquire AirVida, a Tucson-based oxygen and pulmonary supply company.

Sinfonia's fourth acquisition since April completes the company's business model to combine all aspects of home health under one roof, Sinfonia founder and CEO McCusker said in a news release.

AirVida, formed in 2009, is a regional specialist in oxygen and sleep therapy, with licensed respiratory therapists that direct equipment used to treat sleep disorders, the company said. Sinfonia also supplies oxygen equipment such as home concentrators to patients with acute and chronic lung disease.

New Raytheon missile gets production OK

The Pentagon has approved full-rate production of the Standard Missile-6, a next-generation ship defense missile developed by Tucson-based Raytheon Missile Systems.

The decision by the Defense Acquisition Board paves the way for the SM-6 to reach initial operating capability later this year, the company said. Full-rate production deliveries are expected to start in April 2015, three months ahead of schedule, Raytheon said.

In February, Raytheon delivered the first SM-6 from its new $75 million, 70,000-square-foot SM-6 and Standard Missile-3 final production facility in Huntsville, Ala. Some engineering and component work is done in Tucson.

Arizona Daily Star