
Air Liquide enters Saudi Arabia's Home Healthcare market
With the acquisition of the respiratory division of Thimar Al Jazirah Company (TAC) in Saudi Arabia, Air Liquide enters the Home Healthcare market in the Kingdom, and expands its Healthcare activity in the Middle-East.
Dubai, UAE, January 3, 2018: TAC is a leading actor in the pharmaceutical, medical and dental industries within the Kingdom of Saudi Arabia (KSA). Acquired through a majority equity stake (60%), the TAC Home Healthcare division specializes in the distribution of respiratory equipments and sleep disorder diagnosis services for patients suffering from respiratory conditions (sleep apnea, ventilation, chronic respiratory failure). TAC is the main player in the country in this field, serving over 1,400 patients at home throughout the country. The Home Healthcare division of TAC generated a revenue of over €5.5 million in 2016.
This acquisition reinforces the healthcare position of Air Liquide in the country, where it is already a supplier of medical gases to hospitals. It represents also the entry into a territory with high potential for Air Liquide's Home Healthcare activity. The acquired entity has joined VitalAire, Air Liquide’s global brand for Home Healthcare.
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 KSA presents a strong potential with notably an increasing opening to foreign investors driven by the Saudi government’s 2030 Vision.
Francois Jackow, member of the Air Liquide Group’s Executive Committee, supervising Healthcare activities, said: “With this acquisition, Air Liquide pursues the development of its activity in Saudi Arabia and expands its Healthcare business in the Middle-East. 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.”
Home >> Healthcare and Fitness Section
Tadej Pogačar sprints to second in thrilling stage 2 at the Tour de France
IATA Comments on Misguided Solidarity Levy Proposal
Mercato Wows Visitors with Circus Spectacles, Iconic Slide, and Weekly Cash Priz ...
To Increase Capacity and Strengthen Supply Chains Minister Al-Jasser Lays Found ...
Aster Sanad Hospital Supports Saudi Talent at PSCEMS Career Day
G-SHOCK's Summer Style Statement: Metal-Cased Watches That Define the Season
UAE Team Emirates-XRG and Tadej Pogačar aim for fourth Tour de France title
Passenger Growth Hits 5% in May
João Almeida: Racing for Glory and Riding for the Team
May Air Cargo Demand Up 2.2% Despite Trade Disruptions
UAE Team Emirates-XRG take home five National Championship victories
Jeddah e-prix double-header becomes most-watched formula e weekend in history, d ...
In the Presence of H.E. Al-Jasser … Mawani Signs Privatization Contracts for Mu ...
Hibrid and Alibaba Cloud Sign MoU to Deliver Advanced Streaming and Comprehensiv ...
Get Ready for Fabulous Summer Looks with BADgal BANG! Power Blue Mascara!
Make the Most of the Summer with an Unforgettable Stay at The Hotel Galleria Jed ...
UK Clinical Rotations Enriches SGU's students Medical Career
Equivator Invests SAR 30 million in Related to Drive MENA's Loyalty and Rewards ...
Bigger Thrills and Better Rewards Await You This Dubai Summer Surprises at Merca ...
CASIO Middle East & Africa Marks Six Decades of Calculator Legacy