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Aevis Holding SA's Subsidiary Acquires Schmerzklinik Basel AG

Thursday, 26 Sep 2013 11:44am EDT 

Aevis Holding SA announced that the Company's subsidiary, Genolier Swiss Medical Network SA (GSMN), has signed an agreement regarding the integration of 100% of the shares of Schmerzklinik Basel AG, a private clinic located in Basel (canton Basel-Stadt). GSMN will integrate its first pain clinic, offering multidisciplinary pain treatment. The clinic employs around 120 persons, of which 25 physicians. The clinic has three operating theatres, 15 beds in a stationary department, a sleep laboratory, an alternative medicine unit (traditional Chinese medicine and others), a radiology unit, a laboratory, a physiotherapy unit and an intermediate care unit. The transaction, which does not include the real estate, will partially be financed with AEVIS shares. Financial details were not disclosed.