Linde plc is the company that owns Lincare.
Linde plc, a prominent global industrial gases and engineering company, expanded its footprint in the healthcare sector through a significant acquisition.
The Acquisition of Lincare
Linde plc, operating at the time under the name The Linde Group, officially acquired Lincare Holdings in July 2012. This strategic move was completed for a substantial sum, valuing the transaction at $4.6 billion. The acquisition solidified Linde's position in providing home healthcare services alongside its traditional industrial gas offerings.
Here are the key details of the acquisition:
| Aspect | Detail |
|---|---|
| Acquirer | Linde plc (formerly The Linde Group) |
| Acquired Entity | Lincare Holdings Inc. |
| Acquisition Date | July 2012 |
| Transaction Value | $4.6 billion |
About Lincare
Lincare is a leading provider of in-home healthcare services, primarily focusing on respiratory and infusion therapy. The company offers a wide range of services and medical equipment to patients with chronic respiratory conditions, as well as those requiring infusion therapies, directly in their homes. Lincare's mission is to improve the quality of life for its patients by providing convenient and cost-effective care.
To learn more about Lincare, you can visit their Wikipedia page.
About Linde plc
Linde plc is a multinational chemical company and one of the largest industrial gas companies in the world. It provides a comprehensive range of industrial gases, medical gases, and related equipment and services. Linde's operations span across diverse industries, including healthcare, manufacturing, chemicals, energy, and food & beverage. The acquisition of Lincare demonstrated Linde's commitment to diversifying its portfolio and strengthening its presence in the growing home healthcare market.
