Air Liquide is expanding its home healthcare business in South America with the acquisition of Oxymaster, a national sector player in Columbia.
Present in the Columbian market for almost 20 years, Oxymaster is specialised in home treatment and support for patients suffering from respiratory conditions such as sleep apnea, Chronic Obstructive Pulmonary Disease and chronic respiratory failure.
Oxymaster has more than 240 employees and serves over 21,000 patients. The company generated revenues of approximately €9m in 2016.
South America’s third-largest economy, Colombia enjoys strong growth potential and has a robust healthcare system and social welfare coverage reaching more than 90% of the population. This acquisition, made via a majority equity stake, marks Air Liquide’s entry into a new territory with high potential for its Healthcare activities. The Group will call on the existing teams to continue developing the company’s business.
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