Linde has signed a merger agreement with Lincare Holdings Inc., a US-based homecare health company, at a planned acquisition value of around US$4.6bn.
Linde intends to acquire all outstanding shares of Florida-based Lincare Holdings Inc. by submitting a cash offer to the company’s shareholders of $41.50 per common share, followed by a merger.
The news comes just two months after Linde Healthcare completed the acquisition of Air Products’ Continental-European homecare business, at an enterprise value of €590m.
It also comes ahead of gasworld’s upcoming Homecare Services-themed August issue, and appears to be a clear indication of the group’s determination to build a foothold in the rapidly growing homecare market.
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