Bastide establishes itself in Italy on the respiratory assistance market















(Boursier.com) — The group country house announced the acquisition of the majority of the capital of the company Oxystore, based in Italy near Milan. Oxystore specializes in home diagnostics and the online sale of oxygen therapy and sleep apnea equipment for individuals.

In 2021, Oxystore achieved a turnover of 4.1 ME with an operating margin higher than Bastide standards. Oxystore is mainly present in Italy but also in Switzerland and Spain where it will complete the offer of the group’s subsidiaries already present in these countries.

Bastide believes that the integration of Oxystore will enable it to improve the efficiency of its supply chain and benefit from better purchasing conditions to accelerate its European development. With this operation, Bastide is extending its geographic coverage in Europe and gaining access to Italy, a country with strong demographic potential. By positioning itself in a segment directly financed by the patient or by their complementary health insurance, the group is also pursuing its regulatory risk reduction strategy.

Bastide specifies that the payment will be made in cash, including deferred components and will ensure the presence of the founder of Oxystore over the long term. Oxystore will be consolidated as of July 1, 2022.


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