Home Healthcare acquisition in Australia

Air Liquide continues the development of its home healthcare activity with the acquisition in Australia of a 73.3% share of Healthy Sleep Solutions. This company is a leading player in the field of diagnosis and treatment for patients with sleep disorders, notably sleep apnea.

Founded in 2007 in Australia, Healthy Sleep Solutions is specialized in sleep apnea diagnosis and treatment at the patient’s home. Through its global solutions, it provides sleep apnea patients with effective Continuous Positive Airway Pressure treatment, helping them improve their quality of life.

In Australia, it is estimated that around 600,000 people suffer from sleep apnea, of which only 25% have been diagnosed to date. In 2012, Healthy Sleep Solutions has taken care of over 10,000 patients in Australia with the support of a team of 15 employees and a network of 75 technicians. The company has developed a strong relationship with an extensive number of local sleep physicians, Specialists and General Practitioners.

Relying on sleep diagnosis at home and in laboratories, Air Liquide will now provide in Australia complete quality care services for patients with mild to severe sleep disorders.

Air Liquide intends to pursue Healthy Sleep Solutions’ development by favouring the continuity of the company’s management, led by Marjan Mikel and Stephen Newton, and by relying upon the expertise and commitment of its teams.

Pascal Vinet, Vice President, Healthcare Global Operations and member of the Air Liquide Group Executive Committee, commented: “We are delighted to welcome these new employees into the Group and to be able to benefit from their expertise and dedication. After the acquisition of a majority share in the company Snore Australia, a major player in the field of sleep diagnosis, this new acquisition will reinforce our leading position in sleep apnea management in Australia. This acquisition is in line with our growth strategy in home healthcare which aims at extending our international network to new, high-potential markets. Health is a growth driver for Air Liquide.”