German healthcare Fresenius SE's Helios unit would be shelling out EUR3.07 billion or USD4.1 billion for its acquisition of 43 hospitals located in Germany. The acquisition deal of Fresenius with Rhoen-Klinikum AG made the former to create the largest chain of private hospitals in Europe. The recently-acquired hospitals have an overall capacity of 11,800 beds and 15 outpatient centers.
In a statement today, Rhoen-Klinikum said that both of the companies's boards had endorsed the deal. The acquisition deal would have to get regulatory approval and would also need to have support from its minority shareholders. In a separate statement, Fresenius said its acquisition of the hospital chain would add around EUR2 billion in yearly revenue and EUR250 million in the company's EBITDA or earnings before interest, taxes, depreciation and amortization.
To comment on the acquisition, Fresenius's chief executive Ulf Mark Schneider said in a statement, "The clinics we are acquiring from Rhoen-Klinikum are a perfect strategic and geographic fit with Helios' existing portfolio."
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