Fresenius SE & Co. KGaA (XE:FRE)
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2 Months : From Feb 2020 to Apr 2020
By Kim Richters
Fresenius SE said Wednesday that its hospital-operator division will acquire a hospital in Bogota, expanding its presence in Colombia.
The German healthcare group said Fresenius Helios will take over Clinica de la Mujer via its private-hospital group Quironsalud. The hospital had sales of around 20 million euros ($21.6 million) in 2019, Fresenius said.
The company didn't disclose any financial terms of the deal, which is expected to close in the second quarter of the year, but expects it to add to net income in fiscal year 2020.
Fresenius has previously bought hospitals in Medellin and Cali, it said.
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(END) Dow Jones Newswires
February 19, 2020 05:33 ET (10:33 GMT)
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