Search DubaiPRNetwork.com

Home >> Healthcare & Medicine

Air Liquide enters Saudi Arabia's Home Healthcare market

Air Liquide enters Saudi Arabia's Home Healthcare market

Wednesday, January 3, 2018/ Editor -  

Share

Home >> Healthcare & Medicine

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.” 


Previous in Healthcare & Medicine

Next in Healthcare & Medicine


Home >> Healthcare & Medicine Section

Latest Press Release

Abu Dhabi University Honors Winners of ‘Art for Autism' Contest

Dubai Ladies Club in partnership with ‘Brides do Good' to open ‘Designs of Hope' ...

Healthy Hair with HASK

Equinix to Support Direct Connectivity to New Google Cloud Partner Interconnect ...

Boehringer Ingelheim Has a Very Successful 2017 Financial Year

Dazzle Your Home with Danube Home's Exclusive Design Décor Ramadan Catalogue

Oh, It's Gold! Sparkling Elegance And Intoxicating Sensuality

‘Read, Dream, Create' Awards Winners of Creative Writing Competition at SCRF 201 ...

Bosch Blazing New Trails in Mobility and Environmental Protection

Emirates Introduces Home Check-in in Dubai

DoubleTree by Hilton Resort & Spa Marjan Island and DoubleTree by Hilton Ras Al ...

Micro-Learning Approach Complements Emirates Post Group's Robust Learning and De ...

Awqaf and Minors Affairs Foundation Inaugurates Saif Al Ashram Endowment Project

IKEA Has a New Café For Conscious Coffee Lovers

Emirates Airline Festival of Literature Is Named Best Arts and Cultural Event in ...

Ambassador School wins Golden Peacock global award for innovative service

flynas, the first airline in Saudi Arabia to offer travel insurance in partnersh ...

Skyline University College Students Attended 3-Day Training Program in New York

Ibrahim Nasrallah wins 2018 International Prize for Arabic Fiction

TBWA\RAAD wins regional Creative mandate for Mai Dubai