Fresenius Subsidiary Buys Private Hospital in Colombia

Datum : 23/12/2019 @ 10h48
Quelle : Dow Jones News
Name : Fresenius SE & Co. KGaA (FRE)
Kurs : 38.35  0.52 (1.37%) @ 16h50
Fresenius SE & Co. KGaA share price Chart

Fresenius Subsidiary Buys Private Hospital in Colombia

Fresenius SE & Co. KGaA (XE:FRE)
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6 Monate : Von Okt 2019 bis Apr 2020

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   By Cristina Roca 
 

Fresenius SE & Co. KGaA (FRE.XE) said Monday that Quironsalud, a Spanish private hospital group that is part of its Fresenius Helios unit, has agreed to buy a private hospital in Colombia for a total consideration of about 300 million euros ($332.2 million).

Quironsalud will purchase Centro Medico Imbanaco, or CMI, in Cali, southwestern Colombia, and become one of the leading private hospital operators in the country, Fresenius said.

The transaction should close in the first quarter of 2020, and CMI is expected to be accretive to Fresenius's net income in fiscal 2020, Fresenius said.

 

Write to Cristina Roca at cristina.roca@dowjones.com

 

(END) Dow Jones Newswires

December 23, 2019 04:33 ET (09:33 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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