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Air Liquide Healthcare Sells Its U.S. Homecare Business.


PARIS Paris, in Greek mythology
Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt.
 -- Air Liquide
This article is about the international industrial gas company. For the electronic band, see Air Liquide (band)
L'Air Liquide S.A. (Air Liquide
 Sante, a subsidiary of the Air Liquide Group which provides medical gases to hospitals and healthcare institutions as well as respiratory care to patients in their home and has recorded sales of over 1.3 billion euros in 2004, has elected to sell its U.S. based homecare division of Air Liquide Healthcare America Corporation to Apria Healthcare, a leader in this market.

The U.S. homecare unit, which operates under the VitalAire name, recorded sales of about US$20 million in 2004.

"Air Liquide Healthcare will continue to focus on the fast-growing markets where it has established solid positions. We will pursue our development, particularly on the basis of our European activities, and will consider, in the large markets including the USA, any attractive opportunity which would allow us to achieve critical mass," stated Jean-Marc de Royere, Senior Vice-President, Health and Specialty Chemicals, and a member of Air Liquide's Executive Committee.

In 2004, Air Liquide Sante had over 6,000 employees in medical gases, homecare services, hygiene products & services and medical respiratory equipment. These teams serve about 300,000 patients and 5,000 hospitals worldwide.

Present in more than 70 countries, Air Liquide is the world leader in industrial and medical gases and related services. The Group offers innovative solutions based on constantly enhanced technologies. These solutions, which are in line with Air Liquide's commitment to sustainable development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union , help to protect life and enable our customers to manufacture many indispensable everyday products. Founded in 1902, Air Liquide has nearly 36,000 employees. The Group has successfully developed a long-term relationship with its shareholders built on confidence and transparency and guided by the principles of corporate governance Corporate Governance

The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law.
. Since the publication of its first consolidated financial statements Consolidated Financial Statements

The combined financial statements of a parent company and its subsidiaries.

Notes:
Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge
 in 1971, Air Liquide has posted strong and steady earnings growth. Sales in 2004 totaled 9,376 million euros, of which sales outside France accounted for almost 80%. Air Liquide is listed on the Euronext Paris stock exchange and is a component of the CAC See Consumer Advisory Council.  40 and EuroStoxx 50 indices (ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C.  code FR 0000120073).
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:4EUFR
Date:Jul 1, 2005
Words:343
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