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Rhoen Klinikum AG Sells 43 Hospitals, Medical Centers and Related Holdings to HELIOS Kliniken GmbH


Thursday, 12 Sep 2013 06:52pm EDT 

Rhoen Klinikum AG announced that RHOEN-KLINIKUMS AG ('RHOEN'), HELIOS Kliniken GmbH ('HELIOS') and Fresenius SE & CO. KGaA have entered into a share purchase agreement that stipulates the sale of a portfolio consisting of 43 hospitals, medical centers and related holdings from RHOEN to HELIOS and related companies ('Transaction'). In the context of the transaction RHOEN and HELIOS enter into an additional network-agreement in order to enable the establishment of regional and supra-regional networks for the further development of the market for hospitals in Germany. This includes the provision of additional medical care services. While HELIOS agrees to invest EUR 30 million in this network, RHOEN will invest EUR 10 million within the next five years. RHOEN's hospitals located in Bad Neustadt, Bad Berka, Frankfurt (Oder), as well as the university hospitals Gie├čen and Marburg are excluded from the Transaction. The purchase price amounts to EUR 3.070 billion (enterprise value) before adjustments resulting from specific cash and debt items. The supervisory boards of both companies have approved the transaction. Approval of the general meeting is not required. 

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15 Aug 2014