Tag: Linde
AdaptHealth, Teufel part ways
September 20, 2023HME News Staff
PLYMOUTH MEETING, Pa. – AdaptHealth and Crispin Teufel have agreed to terminate Teufel’s employment contract.
The company had appointed Teufel as CEO in June, with a start date of Sept. 1, but he was sued in August by former employer Linde, which was seeking to block his appointment for an unspecified time. In the lawsuit, Linde alleged breach of contract, breach of duty of loyalty and misappropriation of trade secrets.
In a filing in late August with the U.S....
Linde names new COO
October 28, 2020HME News Staff
GUILFORD, U.K. - Linde's board of directors has appointed Sanjiv Lamba as COO effective Jan. 1. In this role, Lamba will be responsible for the regional operating segments of the Americas, APAC and EMEA, as well as Linde Engineering and Lincare. He will also be responsible for certain global functions, initiatives and businesses. He will report to Linde CEO Steven Angel and will relocate to Danbury, Conn. Prior to being named COO, Lamba served in several roles at Linde, including executive vice president...
In brief: CGS begins payment adjustments, Praxair-Linde deal back on
May 12, 2017HME News Staff
WASHINGTON - CGS will begin adjusting tens of thousands of claims from non-competitive bidding areas each day for about the next 24 weeks, the DME MAC for Jurisdictions B and C announced May 8.
The adjustments come in response to a provision in the 21st Century Cures Act that requires CMS to retroactively delay a second round of reimbursement cuts in non-bid areas from July 1, 2016, to Jan. 1, 2017, allowing HME providers to recoup six months of payments.
CGS says it will begin adjusting about...
Praxair, Linde deal back on
May 10, 2017HME News Staff
DANBURY, Conn., and MUNICH - Praxair has agreed to buy Linde for about $35.2 billion, creating the largest supplier of industrial gases, according to Bloomberg. The news comes three months after a previous attempt failed due to concerns over job losses in Germany. Praxair won over Linde's board by agreeing to keep operations in Munich and preserve jobs, according to the news agency. Shares of Praxair will be converted one for one into stock in a new company that will begin an offer to buy Linde,...
Linde-Praxair: Will merger have impact on HME?
February 24, 2017Theresa Flaherty
MUNICH and DANBURY, Conn. - Although industrial gas giant Linde continues to dip its toe in the waters of home care, its planned merger with Praxair likely won't have a noticeable effect on the HME industry, say M&A analysts.Linde and Praxair in December announced plans to merge, creating a combined company with revenues of about $30 billion. Linde is currently the No. 2 industrial gas company in the world and Praxair is No. 3.“I don't think we'll see much impact from it at all,” said...
Moneyline: Mega merger announced, Capital buys Epic Health Services, DME Express raises capital
December 23, 2016HME News Staff
MUNICH and DANBURY, Conn. - Linde and Praxair announced their intention to merge on Dec. 20, creating a company with revenues of about $30 billion and a current market value of more than $65 billion.
The two companies have been courting each other, on and off, for two years.
Linde, which bought Lincare for $4.6 billion in 2012 and American HomePatient in 2015, is currently the industrial gas industry's No. 2 player, followed by Praxair at No. 3. Air Liquide SA of France leads the industry.
Praxair...
Linde, Praxair announce mega merger
December 20, 2016HME News Staff
MUNICH and DANBURY, Conn. - Linde and Praxair have announced their intention to merge, creating a company with revenues of about $30 billion and a current market value of more than $65 billion.
The two companies have been courting each other, on and off, for two years.
Linde, which bought Lincare for $4.6 billion in 2012 and American HomePatient in 2015, is currently the industrial gas industry's No. 2 player, followed by Praxair at No. 3. Air Liquide SA of France leads the industry.
Praxair...
In brief: Drive explains sale, ResMed and F&P trade lawsuits
August 19, 2016HME News Staff
PORT WASHINGTON, N.Y. - Drive Medical has sent a letter to its customers in response to reports that private equity firm Clayton, Dubilier & Rice is close to buying the company.
Drive Medical, which currently calls private equity firm Ferrer, Freeman & Co. a minority stockholder, seeks additional equity capital to continue its growth strategy, the Aug. 12 letter states.
“Given the company's position within the healthcare industry, its prospects, multiple channels of growth and acquisition...
Linde, Praxair explore megamerger
August 16, 2016HME News Staff
CLEARWATER, Fla. - Linde, which owns Lincare and as of late last year American HomePatient, is in talks for a megamerger with Praxair, according to Bloomberg. The all-stock deal, which could be valued at more than $30 billion, may be reached as early as the coming weeks, the news agency reported Aug. 15. Linde and Praxair confirmed news reports but said in separate statements that preliminary discussions may not lead to a transaction, according to Bloomberg. Praxair sold its U.S. homecare business...
In brief: Linde places bond
October 24, 2012HME News Staff
MUNICH, Germany - Linde AG has successfully placed a bond for 1 billion euros to help finance its acquisition of Lincare, the company announced Sept. 5. The bond, which drew “huge demand” according to a press release, has a maturity of eight years and an interest rate of 1.75%. “It is crucial to be able to act swiftly in a volatile market climate,” stated Georg Denoke, a member of the executive board and CFO of Linde AG, in the release. Linde purchased Clearwater, Fla.-based...