Fresenius Subsidiary to Acquire Hospital in Bogota

Date : 02/19/2020 @ 10:48AM
Source : Dow Jones News
Stock : Fresenius SE & Co. KGaA (FRE)
Quote : 34.1  0.3 (0.89%) @ 4:35PM

Fresenius Subsidiary to Acquire Hospital in Bogota

Fresenius SE & Co. KGaA (XE:FRE)
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   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.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

February 19, 2020 05:33 ET (10:33 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.


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