Giant health care provider takes over Spain’s largest private hospital provider

Fresenius has inherited 43 hospitals, 39 outpatient centres and 200 occupational risk prevention centres

LAST UPDATED: 10 Sep, 2016 @ 15:53

healthcare acquisitionTHE largest private hospital operator in Spain has been bought by one of Europe’s largest health care providers.

German-based company Fresenius has acquired IDC Salud Holding for more than €5.8 billion.

As part of the deal, Fresenius would inherit 43 hospitals, 39 outpatient centres and 300 occupational risk prevention centres across the country.

Based in Bad Homburg, Fresenius operates four main health care businesses, with more than 200,000 employees and had sales of €27.6 billion in 2015.

This is their first business dealing outside of Germany.

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  1. Good company this, the shares are worth looking at but they are going to get a few shocks. The business mentality of Germany and Spain are ‘not similar’ – they will find out soon enough.

  2. “Good company”? Parasites is a better description. All health care, anywhere in the world, should not be a means of generating profits for fat cats.