Air Liquide enters Saudi Arabia’s Home Healthcare market

home-healthcare

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.

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.”

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