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In July 2012, The Linde Group acquired Lincare Holdings for $4.6 billion. [11] By acquiring Lincare, Linde doubled sales in its North American Gases Division [12] and officially brought Lincare back into the Linde family. Today, Lincare serves nearly 1.8 million patients across the United States, with over 700 locations. [13]
Lincare is now back in the Linde Family. Merger of Equals of Praxair and Linde; now named Linde plc. Carl von Linde founded Linde in Wiesbaden, Germany, to sell mechanical refrigeration systems for the beer brewing industry. Linde Air Products is formed in the United States as a subsidiary of Linde.
Spokane, WA – Lincare Holdings, Inc., a Florida-based, wholly-owned subsidiary of German multinational chemical corporation Linde plc, has agreed to pay $29 million and perform extensive corrective actions to resolve allegations that it fraudulently overbilled Medicare and Medicare Advantage Plans for oxygen equipment, announced Vanessa R ...
Following the purchase of shares in the tender offer, Linde intends to complete the acquisition of Lincare through a merger, following which Lincare will become a wholly owned subsidiary of Linde. The Lincare Board of Directors has unanimously approved the transaction.
Summit exited the investment in 1994, and over the next 18 years, Lincare became one of the largest respiratory therapy provider in the United States, serving more than 800,000 patients in 48 states. In 2012, Lincare was acquired by The Linde Group for $4.6 billion.
Lincare Pulmonary Rehab Services of Florida, P.L. (not owned but effectively controlled)
Who are Lincare Holdings’s investors? Blum Capital Partners , Dean Witter Reynolds , Summit Partners , ValueAct Capital Management , and Welsh, Carson, Anderson & Stowe have invested in Lincare Holdings.
Lincare Holdings Inc. is a provider of oxygen and other respiratory therapy services to patients in the home. In 2012, The Linde Group announced it would acquire Lincare for $4.6 billion.
Lincare Holdings Inc. operates as a holding company. The Company, through its subsidiaries, offers oxygen, nebulizer, sleep, and enteral therapy, as well as healthcare services.
Lincare, the leading provider of respiratory therapy services in the U.S., and American HomePatient, Inc., today announced they have entered into a definitive agreement for Lincare to acquire American HomePatient from Highland Capital Management L.P.