Deal Announcement 07/13: Healthcare
PwC M&A acted as exclusive financial adviser to Sana Kliniken AG on the acquisition of 90% of the shares of Klinikum Offenbach GmbH
The Deal
Sana Kliniken AG (“Sana”) has entered into an agreement with the City of Offenbach to purchase 90% of the shares of Klinikum Offenbach GmbH (“Klinikum Offenbach”). Closing took place on 31 July 2013. Sana will invest at least EUR 110m into the infrastructure of Klinikum Offenbach as well as an additional EUR 20m for employee training and structural changes.
Klinikum Offenbach GmbH
In 2010, Klinikum Offenbach inaugurated a new hospital building. Klinikum Offenbach provides a very broad range of largely inpatient services in 18 clinics with 926 beds. It is a maximum care hospital as well as a teaching hospital of the Johann Wolfgang Goethe University Frankfurt.
In 2012, Klinikum Offenbach had revenues of EUR 150m and employed more than 2,100 employees.
Sana Kliniken AG
Sana is one of the largest private German hospital providers. Its shareholders are 31 private health insurance companies. In 2012 Sana generated revenues of EUR 1.8b and employed 26,100 employees.
PwC
The PwC M&A team in Germany acted as exclusive financial adviser to Sana.
PwC employs nearly M&A 1,000 professionals all over the world, realizing approximately 300 successful transactions per year. We specialize in a wide range of independent M&A services including advice on acquisitions and disposals, mergers and public takeovers as well as structured financing.
The PwC deal team consisted of Alexander von Friesen (Partner) and Godfried Hangx (Manager).
Contact us
Dr. Alexander von Friesen
Partner, Corporate Finance | M&A Healthcare & Consumer, PwC Germany
Tel: +49 151 11714398
