The Linde Group has signed a merger agreement with Lincare Holdings Inc., the leading US-based homecare health company based in Florida.
The proposed deal has a planned acquisition value of around $4.6 billion.
It’s a move that will potentially shift the dynamics in the US market, and comes just two months after Linde Healthcare completed the acquisition of Air Products’ Continental-European homecare business, at an enterprise value of €590 million.
Linde intends to acquire all outstanding shares of Lincare Holdings Inc. by submitting a cash offer to the company’s shareholders of $41.50 per common share, followed by a merger.
Prof. Dr Wolfgang Reitzle, CEO of Linde AG, explained in a statement, “This strategic acquisition enables us to take the next big step in this stable, sustainable and profitable business field.”
“Against the background of demographic changes, the healthcare industry is a megatrend in which we will be able to participate more strongly in a new set-up. Together with Lincare, we will become the global leading healthcare provider within the gases industry and further internationalize our business.”
“Lincare,” he added, “as the industry leader in the US, provides us an ideal platform to roll out our innovative products − which are already successful, particularly in Europe − into the US, the largest region for healthcare revenues globally.”
Closing of the offer is expected for the third quarter of fiscal year 2012, with completion of the offer and merger subject to the receipt of regulatory approvals and other customary closing conditions.
Breaking news: The Linde Group has signed an agreement for the acquisition of the Continental-European homecare business of Air Products at an enterprise value of €590m.
Electronic Fluorocarbons (EFC), headquartered in Massachusetts, utilizes the latest technology for the purification and microanalysis of its legacy fluorinated specialty gases and rare gases for the medical and electronics semiconductor manufacturing industries.
As we head in to 2018, we look back on a very interesting changing market for krypton (Kr), xenon (Xe) and neon (Ne) in 2017. Ne supply this year continued to increase as new plants came on-stream while the demand was growing slowly after the big decline of 2016.
Flow-Cal, Inc. achieved record attendance at its fifteenth annual Users Group conference. This year’s event, held in the Uptown/Galleria area of Houston, Texas, brought in over 300 industry leaders and 70 companies..
Month on month the gasworld website continues to be the primary portal for information, on a global scale, about our industry - be it through the provision of news and features, or information in the expansive company directory section. Launched in 2004, it is the only independent online news provider and information portal for the global industrial gas community and the larger end-user markets. The website also now incorporates news for gasworld US and Specialty Gas Report.
To find out more about gasworld's advertising opportunities click here.