Fresenius rules out move on Rhoen-Klinikum (translated)
Fresenius, the German medical group, is no longer interested in taking over local rival Rhoen-Klinikum,Sueddeutsche Zeitung reported.
The German newspaper quoted Ulf Schneider, the chief executive of Fresenius. The article pointed out that Fresenius failed in an attempt to take over Rhoen-Klinikum two years ago, but subsequently acquired 40 clinics from the group. Schneider made clear in the report that Fresenius has no intentions to make another attempt at a full takeover of Rhoen-Klinikum. He explained that such a move would not get the approval of the German cartel authorities.
Rhoen-Klinikum has a market cap of EUR 3.215bn. As previously reported, Fresenius operates on the hospital management market via its subsidiary Helios.
Source Frankfurter Allgemeine Zeitung