With the acquisition of the respiratory division of Thimar Al Jazirah Company (TAC) in Saudi Arabia, Air Liquide has entered the home healthcare market in the Kingdom, and expanded its healthcare activity in the Middle East.
Acquired through a majority equity stake (60%), the TAC Home Healthcare division specialises in the distribution of respiratory equipment and sleep disorder diagnosis services for patients suffering from respiratory conditions.
A press release said TAC is the main player in this field in Saudi Arabia, serving more than 1,400 patients at home throughout the country.
This acquisition reinforces the healthcare position of Air Liquide in Saudi Arabia, where it already supplies medical gases to hospitals.
Healthcare – an industry hot topic in 2018?
It looks like healthcare and homecare could shape up to be a key theme for our industry in 2018.
From the ongoing debacle surrounding Obamacare and the new Administration in the US, to New Year warnings about the challenges facing healthcare systems globally, the medical sector is very much in the headlines as 2018 gets underway.
Today’s news from Air Liquide regarding its entry into Saudi Arabia’s homecare business could be seen as a sign that healthcare is coming to the fore again for the industrial gas and equipment industry.
Healthcare has been and remains a major megatrend for society and the gases industry alike. What we have perhaps seen over the last couple of years are other geopolitical or macroeconomic factors taking centre stage for our industry; China, Iran, Qatar, carbon dioxide (CO2), the hydrogen economy, specialty gases, consolidation, and digitization have all been huge hot topics for the industry in more recent times.
But the world is waking up to the need for sustainable growth, with existing healthcare structures and business models under pressure. While the complexities and differences of these structures vary from region to region across the globe, the fundamentals are essentially the same – to deliver quality, affordable healthcare, while keeping costs under control. Cue, the homecare market.
Continue reading here: A remedy for medical challenges – is healthcare an industry opportunity in 2018
With a population of over 32 million, rising healthcare needs and a commitment from public authorities to improve the quality of healthcare services in the Kingdom, the healthcare sector in Saudi Arabia presents a strong potential with notably an increasing opening to foreign investors driven by the Saudi government’s 2030 Vision.
François Jackow, member of the Air Liquide Group’s Executive Committee, supervising Healthcare activities, said, “We are welcoming new TAC employees to Air Liquide’s operations and are looking forward to bringing high quality of service and first class innovations to patients in Saudi Arabia, as we do for more than 1.4 million patients around the world every day.”
Air Liquide in Saudi Arabia
Air Liquide announced its entry into Saudi Arabia in 2008 and now serves the Saudi market through two subsidiaries: Air Liquide Khafrah Industrial Gases (ALKIG) and Air Liquide Arabia (ALAR). ALKIG covers industrial, healthcare and electronics activities, delivering gas solutions to a wide range of customers through cylinders, bulk or on-site supplies. ALAR is a leader in the over-thefence supply of industrial gases to major industries in Saudi Arabia, providing large volumes of industrial gases for refining, petrochemical and metal industries.