Fresenius Said to Plan Elimination of Vamed in Streamlining Step [BNN Bloomberg (Canada)]
FRESENIUS SE S/ADR (FSNUY)
NASDAQ:AMEX Investor Relations:
fresenius.com/index
Company Research
Source: BNN Bloomberg
The German health-care company plans to either divest or wind down Vamed's project business that manages the development, planning and construction of hospitals, said the people, asking not to be identified because the information is private. Vamed's hospital services activities will likely be integrated into Fresenius's Helios unit, they said. A representative for Fresenius declined to comment. The plans for Vamed would be the latest step by Fresenius Chief Executive Officer Michael Sen to streamline operations after years of complaints from investors that the company was too complex. Sen has prioritized growth at the Kabi intravenous-drug division and at Helios, which owns and operates hospitals in Europe and Latin America. Last week, Fresenius announced plans to sell a controlling stake in Vamed's rehabilitation business to French private equity firm PAI Partners. The business includes 67 rehabilitation facilities in central Europe and the UK and has an enterprise value of €
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- Fresenius Boosts Forecast, Confirms Plans to Exit Vamed Business [BNN Bloomberg (Canada)]BNN Bloomberg
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- Institutions own 30% of Fresenius SE & Co. KGaA (ETR:FRE) shares but retail investors control 43% of the company [Yahoo! Finance]Yahoo! Finance