Sector News

Air Liquide: Home healthcare acquisition in Colombia

January 25, 2017
Energy & Chemical Value Chain

Air Liquide is expanding its home healthcare business in South America with the acquisition of Oxymaster, a national sector player in Colombia.

Present in the Colombian market for almost 20 years, Oxymaster is specialized in home treatment and support for patients suffering from respiratory conditions (sleep apnea, Chronic Obstructive Pulmonary Disease, chronic respiratory failure). Oxymaster has more than 240 employees and serves over 21,000 patients. The company generated revenues of approximately €9 million 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.

Air Liquide is already a major player in home healthcare in South America, notably in Brazil, Argentina and Chile.

François Jackow, member of the Air Liquide Group’s Executive Committee, supervising the Healthcare activities, said: “Taking our Healthcare activities into Colombia allows us to develop our business in South America in a growing market that benefits from an advanced health system. The acquisition of Oxymaster, recognized for its know-how in treatment of respiratory diseases and the expertise of its teams, fits well with Air Liquide’s strategy of developing its Home Healthcare activity.”

Source: Air Liquide

comments closed

Related News

April 20, 2024

Borealis makes multi-million investment in Finnish cracker furnaces

Energy & Chemical Value Chain

The investment enables the steam cracker to increase the share of renewable and recycled raw materials used in its (ethylene and propylene) production. The move supports the Borealis Strategy 2030 for a circular economy. The Porvoo investment program is expected to be completed in 2025.

April 20, 2024

BP cuts down leadership team to ten members

Energy & Chemical Value Chain

Murray Auchincloss, bp’s CEO, said in a statement: “As I set out in February, BP’s destination from IOC [international oil company] to IEC [integrated energy company] is unchanged – and we need to deliver as a simpler, more focused, and higher-value company.

April 20, 2024

Versalis buys Italian compounder Tecnofilm

Energy & Chemical Value Chain

Founded in 1972, Tecnofilm has expanded its product portfolio over the years to offer a wider range of compounds and functional polymers for various industrial applications and technical articles. The company has patented several of its products.

How can we help you?

We're easy to reach