Linde acquire respiratory care firm bolster healthcare

Linde to acquire respiratory care firm to bolster healthcare

4:46 AM, 8th December 2015
Linde to acquire respiratory care firm to bolster healthcare

FRANKFURT, GERMANY: Linde AG said that it has agreed to buy respiratory therapies specialist American HomePatient to bolster its healthcare gases business amid weakness at its industrial divisions, the German gases maker said.

Linde provided no financial details for the purchase from Highland Capital Management LP, which it expects to close in the first quarter of 2016.

American HomePatient which provides oxygen tanks and breathing masks for respiratory conditions including sleep apnea, had sales of about €260 million ($282 million) in its last financial year.

American HomePatient will be folded into Lincare, the healthcare business with roughly €1.5 billion in sales that Linde bought in 2012.

That deal made Linde the world’s largest supplier of healthcare gases, which has helped cushion the blow from weakness at its core industrial businesses.

© Reuters News

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