Tag: Praxair
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, Managing Editor
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...
Briefs: Apria, Praxair finalize deal
March 24, 2011HME News Staff
LAKE FOREST, Calif. - Apria Healthcare has completed its purchase of Praxair's U.S. homecare business, the provider announced March 7. Praxair offered home respiratory services, home medical equipment and enteral nutrition through more than 80 locations nationally. Apria offers home respiratory services, home medical equipment and home infusion through 500 locations nationally. Apria has more than $2 billion in annual revenues.
Best Value finds good deal with Guardian Home Care
LUBBOCK, Texas...