M&A Deal Summary

Linde Acquires Lincare Holdings

On July 2, 2012, Linde acquired medical products company Lincare Holdings for 3.8B USD

Acquisition Highlights
  • This is Linde’s 1st transaction in the Medical Products sector.
  • This is Linde’s 2nd largest (disclosed) transaction.
  • This is Linde’s 1st transaction in the United States.
  • This is Linde’s 1st transaction in Florida.

M&A Deal Summary
Date 2012-07-02
Target Lincare Holdings
Sector Medical Products
Buyer(s) Linde
Deal Type Add-on Acquisition
Deal Value 3.8B USD
Advisor(s) J.P. Morgan Securities (Financial)

Target

Lincare Holdings

Clearwater, Florida, United States
Lincare was founded on the belief that through patient education and clinical support, we can improve patient compliance with physicians' prescribed therapies, resulting in a better quality of life.

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Buyer(S) 1

Buyer

Linde

Woking, United Kingdom
Category Company
Founded 1879
Sector Chemicals
Employees66,195
Revenue 32.9B USD (2023)
DESCRIPTION

Linde is an international industrial gas and engineering company that offers oxygen, nitrogen, argon, rare gases, carbon dioxide, hydrogen, helium, electronic and specialty gases, acetylene, and carbon monoxide. The company also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, hydrogen and synthesis gas, and other plants. Linde was founded in 1879 and is based in Woking, United Kingdom.

DEAL STATS #
Overall 3 of 5
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Florida) 1 of 1
Country (United States) 1 of 3
Year (2012) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-30 Linde Gas USA

United States

Linde Gas USA LLC is a provider of packaged gas products.

Sell $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-16 Leengate Valves

Derbyshire, United Kingdom

Leengate Valves Ltd. is a wholesaler of industrial valves to resellers in the gas, water and industrial markets. The company also supplies engineering actuation and automation packages. Leengate Valves is based in Derbyshire, United Kingdom.

Sell -
Mergr

Product

Company

Legal