Fresenius boosts eastern Europe ops with big buy
The Local · 4 Jan 2011, 14:46
Published: 04 Jan 2011 14:46 GMT+01:00
The purchase of International Dialysis Centers (IDC), the dialysis service business of Euromedic International, will add $180 million in annual sales and boost profits from the first year, a statement said.
IDC currently treats more than 8,200 patients in 70 clinics in nine countries, mostly in Central and Eastern Europe. Privately owned Dutch firm Euromedic is selling in order to focus on diagnostics and cancer treatment.
FMC, listed on Frankfurt's DAX 30, currently serves more than 210,000 patients globally and more than 17,000 patients in Eastern Europe, posting sales of more than €11 billion in 2009.