Hengeler Mueller advises Fresenius Helios on acquisition of largest private Spanish hospital group Quirónsalud

07. September 2016

Fresenius Helios acquires IDC Salud Holding S.L.U. ("Quirónsalud"), Spain's largest private hospital operator, for a purchase price of EUR 5.76 bn (on a cash and debt-free basis). Quirónsalud's network is comprised of 43 hospitals, 39 outpatient centers and around 300 Occupational Risk Prevention ("ORP") centers located in all economically important areas in Spain. The company has about 35,000 employees and offers the full spectrum of inpatient and outpatient care. Sellers are the private equity group CVC Capital Partners, the founder and CEO of Quirónsalud Víctor Madera, as well as other members of Quirónsalud's management board.

Fresenius SE & Co. KGaA will issue approx. 6 million shares valued at an aggregate of EUR 400 m to Víctor Madera. The balance of the purchase price will be debt-financed.

The transaction is subject to regulatory approval by the relevant antitrust authorities and is expected to close in Q4/2016 or Q1/2017.

Hengeler Mueller advises Fresenius Helios on the share-for-share component of the transaction. The Hengeler Mueller team includes partners Rainer Krause (Corporate/M&A) and Oliver Rieckers (Corporate/M&A) (both Düsseldorf) as well as associates Christian Strothotte and Oda Christiane Goetzke (both Corporate/M&A) (both Düsseldorf).