M&A Activity • Jan 4, 2011
M&A Activity
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Ad-hoc | 4 January 2011 07:03
Fresenius Medical Care AG & Co. KGaA: Fresenius Medical Care acquires Dialysis Service Business from Euromedic
Fresenius Medical Care AG & Co. KGaA / Key word(s): Acquisition
04.01.2011 07:03
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Fresenius Medical Care acquires Dialysis Service
Business from Euromedic
Bad Homburg, Germany - Fresenius Medical Care AG & Co. KGaA today announced
the signing of a purchase agreement to acquire International Dialysis
Centers ('IDC'), Euromedic International's dialysis service business.
Fresenius Medical Care is taking advantage of the opportunity to expand its
activities in the dialysis care market, especially in Eastern Europe where
IDC is the market leader. Eastern Europe is a key component of Fresenius
Medical Care's overall growth strategy.
The transaction remains subject to necessary regulatory approvals by the
relevant anti-trust authorities and is expected to close in the first half
of 2011. On completion, the acquired operations will add approximately $180
million in annual revenue and are expected to be accretive to earnings in
the first year after closing of the transaction. The purchase price will be
EUR485 million. The transaction will be financed initially from cash flow
from operations and available borrowing capacity. After closing, Fresenius
Medical Care expects to refinance the acquisition on a long-term basis.
Fresenius Medical Care AG & Co. KGaA,
Represented by Fresenius Medical Care Management AG,
Board of Management,
Bad Homburg v.d.H., January 04, 2011
04.01.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: Fresenius Medical Care AG & Co. KGaA
Else-Kröner-Straße 1
61352 Bad Homburg
Deutschland
Phone: +49 (0) 6172- 609 2525
Fax: +49 (0) 6172- 609 2301
E-mail: [email protected]
Internet: www.fmc-ag.de
ISIN: DE0005785802, DE0005785836,
WKN: 578580, 578583
Indices: DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart;
Terminbörse EUREX; NYSE
End of Announcement DGAP News-Service
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