Fresenius Medical Care Achieves Next Milestone in Portfolio Optimization Program, Announcing Sale of Dialysis Clinics in Brazil, Colombia, Chile, Ecuador
- Divestment of assets includes four separate country transactions to DaVita Inc. for
USD 300 million - Transactions further reduce the Company`s clinic footprint in
Latin America , following the exit fromArgentina at the end of 2023 - Expected to close throughout 2024
- Proceeds to be used to reduce debt
BAD HOMBURG,
"We continue to move at pace in optimizing our portfolio, to reduce complexity and improve profitability. This is a key element of our transformational journey," said
These four separate transactions in aggregate represent 154 dialysis clinics, more than 7,100 employees, more than 30,000 dialysis patients, and recorded pro-forma revenue of approx.
The associated net book loss for the four
All transactions that are currently signed as part of the Company's portfolio optimization plan are estimated to negatively impact
About
For more information visit the Company's website at www.freseniusmedicalcare.com.
Disclaimer:
This release contains forward-looking statements that are subject to various risks and uncertainties. Actual results could differ materially from those described in these forward-looking statements due to various factors, including, but not limited to, changes in business, economic and competitive conditions, legal changes, regulatory approvals, impacts related to the COVID-19 pandemic results of clinical studies, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. These and other risks and uncertainties are detailed in
Media contact
Christine Peters
T +49 160 60 66 770
christine.peters@freseniusmedicalcare.com
Contact for analysts and investors
Ilia Kürten
T +49 6172 268 59 66
ilia.kuerten@freseniusmedicalcare.com
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