DGAP-News
Fresenius Medical Care AG & Co. KGaA: Closes Acquisition of Liberty Dialysis Holdings (deutsch)
Fresenius Medical Care AG & Co. KGaA: Closes Acquisition of Liberty Dialysis Holdings
DGAP-News: Fresenius Medical Care AG & Co. KGaA / Key word(s):
Acquisition
Fresenius Medical Care AG & Co. KGaA: Closes Acquisition of Liberty
Dialysis Holdings
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29.02.2012 / 07:40
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Contact: Fresenius Medical Care AG & Co. KGaA
Oliver Maier Else-Kröner-Str.1
Phone: + 49 6172 609 2601 61352 Bad Homburg
Fax: + 49 6172 609 2301 Germany
www.fmc-ag.com
North America:
Terry L. Morris
Phone: + 1 800 948 2538
Fax: + 1 615 345 5605
E-mail: ir@fmc-ag.com February 29, 2012
Investor News
Fresenius Medical Care Closes Acquisition of Liberty Dialysis Holdings
Bad Homburg, Germany - Fresenius Medical Care AG & Co. KGaA (the 'company'
or 'Fresenius Medical Care'; Frankfurt Stock Exchange: FME / New York Stock
Exchange: FMS), the world's largest provider of dialysis products and
services, today announced that Fresenius Medical Care North America has
closed the acquisition of Liberty Dialysis Holdings, Inc., the holding
company of Liberty Dialysis and Renal Advantage. The closing follows the
completion of the review of the transaction and issuance of a consent
decree by the United States' Federal Trade Commission. In connection with
the consent decree, Fresenius Medical Care intends to divest 62 dialysis
clinics. The acquisition of Liberty Dialysis Holdings Inc. is expected to
add annual revenues of around $ 700 million and 201 clinics to Fresenius
Medical Care's network for an investment, net of proceeds from the
divestiture, of approximately $1.5 billion.
Rice Powell, chief executive officer of Fresenius Medical Care North
America and deputy chairman of Fresenius Medical Care commented, 'We're
excited to add the teams from Liberty Dialysis and Renal Advantage to our
network. Both companies have shown superior growth and solid clinical
outcomes, which are testaments to the strength of their management teams
and the dedication of their physician leadership. The combination of these
businesses with the resources and committed team at Fresenius Medical Care
will further enhance our standing as North America's premier renal care
network.'
About Fresenius Medical Care
Fresenius Medical Care is the world's largest integrated provider of
products and services for individuals undergoing dialysis because of
chronic kidney failure, a condition that affects more than 2 million
individuals worldwide. Through its network of 2,898 dialysis clinics in
North America, Europe, Latin America, Asia-Pacific and Africa, Fresenius
Medical Care provides dialysis treatment to 233,156 patients around the
globe. Fresenius Medical Care is also the world's leading provider of
dialysis products such as hemodialysis machines, dialyzers and related
disposable products.
Disclaimer
This release contains forward-looking statements that are subject to
various risks and uncertainties. Actual results could differ materially
from those described in these forward-looking statements due to certain
factors, including changes in business, economic and competitive
conditions, regulatory reforms, foreign exchange rate fluctuations,
uncertainties in litigation or investigative proceedings, and the
availability of financing. These and other risks and uncertainties are
detailed in Fresenius Medical Care AG & Co. KGaA's reports filed with the
U.S. Securities and Exchange Commission. Fresenius Medical Care AG & Co.
KGaA does not undertake any responsibility to update the forward-looking
statements in this release.
End of Corporate News
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Language: English
Company: Fresenius Medical Care AG & Co. KGaA
Else-Kröner-Straße 1
61352 Bad Homburg
Germany
Phone: +49 (0) 6172- 609 2525
Fax: +49 (0) 6172- 609 2301
E-mail: ir@fmc-ag.com
Internet: www.fmc-ag.de
ISIN: DE0005785802, DE0005785836,
WKN: 578580, 578583
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart; Terminbörse EUREX; NYSE
End of News DGAP News-Service
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