Linde raises €1.4bn to help fund Lincare purchase
This article was originally published in Clinica
German gas and engineering specialist Linde is progressing with its plans to buy US home healthcare firm and erstwhile subsidiary Lincare, after raising €1.4bn ($1.7bn) via a capital increase. The acquisition, worth $41.50 per share or $4.6bn in total, will help Linde expand its healthcare offering and strengthen its presence in the US homecare market. Currently, Linde only supplies indirectly to the US via other home healthcare providers.