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

THE 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.