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Air Liquide’s acquisition of EOVE, a French start-up company specialized in the design and manufacture of ventilators for home-based patients suffering from chronic respiratory failure, is in line with the Group’s strategy of developing its home healthcare activity. The start-up EOVE has developed an innovative solution: a connected portable ventilator that takes into account the mobility needs of patients and facilitates the practice of doctors.
Founded in 2014, EOVE has developed an Android-based technology platform. The company’s ventilator offers advanced features for mobility, combining a compact size and connectivity. It enables the implementation of all therapeutic strategies. This offer, already available in France, Italy, Germany, South Korea, and Canada, is geared for patients who suffer from neuromuscular diseases and who need continuous ventilation. In 2017, EOVE generated total revenue of nearly 5 million euros.
The acquisition of EOVE enables Air Liquide to reinforce its expertise in home ventilation for chronic respiratory failure thanks to cutting-edge technological know-how and a team dedicated to innovation specialized in the life support ventilation segment. This will also enable EOVE to accelerate its international development.
François Jackow, member of the Air Liquide Group’s Executive Committee, supervising Healthcare activities, said:“EOVE is recognized for its know-how and capacity for innovation in home ventilation, as well as for the expertise of its teams. This acquisition enables Air Liquide to extend its service offering in the area of respiratory diseases through a unique connected solution. As such, it is completely in line with our home healthcare development strategy.”
supplies medical gases, home healthcare services, hygiene products, medical equipment, and specialty ingredients. In 2017, it served more than 15,000 hospitals and clinics and more than 1.5 million patients at home throughout the world. The Group’s Healthcare business reached 3,401 million euros in revenues in 2017 with the support of its 16,500 employees.
Air Liquide, European leader in home healthcare, provides home healthcare services in compliance with medical prescription for patients suffering from chronic diseases such as COPD (Chronic Obstructive Pulmonary Disease), sleep apnea and diabetes. These home healthcare services are being developed in addition to hospital care, enabling patients to enjoy better quality of life and local authorities to reduce costs. Home healthcare represents 45% of Air Liquide's revenue in Healthcare in 2017.