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

Dubai Health Authority discusses collaboration with British healthcare firms.

A New Watchmaking Encounter in Pink Gold at the Venice International Film Festiv ...

Dubai Health Authority and the Knowledge and Human Development Authority sign Mo ...

Dragon Mart celebrates UAE-China Week with exciting line-up of traditional Chine ...

Emirates adds flights to France

Your Baby and Child Travel Essentials Covered with Five Little Ducks

The Sustainable City further reduces its carbon footprint by adopting B100 Bio-D ...

Stay Connected across the world with du's summer roaming bundles

Record Breaking Visitor Growth and Continued Partnerships Solidify Dubai's Commi ...

Home and Soul Release their New Bali Collection this Month

Sophos Intercept X for Server Blocks Cyber Attackers from Hitting the Business B ...

Bank Al Bilad invests in leaders through Ashridge flagship program

MG Motor introduces new MG GS 2019 to the Middle East

Dubai Municipality and Veolia successfully Commissioned Jebel Ali Hazardous Wast ...

Pottery Barn Kids launches new ‘Back-to-School' collection

Cadillac Middle East expands its 2019 SUV lineup with the all-new XT4

GUESS Launches Fall 18 Handbags

The Maison Chaumet opens an exclusive pop-up at The Dubai Mall

From skin to comprehensive aesthetic care: a 15-year journey called Kaya Skin Cl ...

Oh, Sweetie Lipcolour!