Lincare is owned by Linde plc, a leading global industrial gases and engineering company.
Who Owns Lincare?
Lincare Holdings Inc., a prominent provider of in-home respiratory and infusion therapy services, was acquired by Linde plc (often referred to as The Linde Group) in 2012. The acquisition, valued at $4.6 billion, brought Lincare back into the Linde "family," solidifying its position as a key part of Linde's healthcare portfolio. This strategic purchase expanded Linde's presence in the growing healthcare sector, particularly in the delivery of home medical equipment and services.
Key Details of the Acquisition
The acquisition marked a significant event in the home healthcare and industrial gases industries. Below are the core facts regarding Lincare's ownership:
| Detail | Description |
|---|---|
| Owner | Linde plc (The Linde Group) |
| Acquisition Year | 2012 |
| Acquisition Value | $4.6 Billion |
| Acquired Entity | Lincare Holdings Inc. |
| Relationship | Lincare operates as a subsidiary of Linde plc. |
About Linde plc
Linde plc is a multinational company with its headquarters in Dublin, Ireland, and operational centers in Guildford, England, and Danbury, Connecticut, USA. It is one of the world's largest industrial gas companies by market share and revenue. Linde specializes in the production and distribution of atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, acetylene) as well as the design and construction of plants for their production. Its operations span a wide range of industries, including healthcare, manufacturing, electronics, energy, and chemicals.
About Lincare
Lincare Holdings Inc. is one of the largest providers of in-home respiratory and infusion therapy services in the United States. Established in 1986, Lincare offers a comprehensive range of services and medical equipment to patients with chronic respiratory conditions such as chronic obstructive pulmonary disease (COPD), sleep apnea, and other respiratory disorders. Their services typically include:
- Oxygen Therapy: Providing oxygen concentrators, cylinders, and related supplies.
- Ventilator Services: Supporting patients who require mechanical ventilation at home.
- Sleep Therapy: Offering CPAP (Continuous Positive Airway Pressure) and BiPAP (Bilevel Positive Airway Pressure) devices, masks, and accessories for sleep apnea.
- Nebulizer Therapy: Supplying nebulizers and medications for respiratory treatments.
- Infusion Therapy: Delivering specialized medications and nutritional support intravenously at home.
- Durable Medical Equipment (DME): Providing a variety of medical equipment to enhance patient independence and quality of life.
Lincare's mission is to improve the quality of life for patients in their homes, reducing the need for costly hospitalizations and enabling them to manage their conditions comfortably in a familiar environment. More information can be found on their official site: Lincare About Us.
