Deal Announcement 02/16: Healthcare

The Deal

PwC M&A and PwC Legal were mandated by Kreisstadt Neunkirchen in September 2014 as exclusive advisors to sell a majority stake in Städtisches Klinikum Neunkirchen gGmbH (“Städtisches Klinikum Neunkirchen”). We conducted a structured and competitive auction process to find a strategic partner to secure the future of Städtisches Klinikum Neunkirchen. Neunkirchen’s city council decided to sell 94.9% of Städtisches Klinikum Neunkirchen to Stiftung kreuznacher diakonie in November 2015. Closing took place in February 2016.

Städtisches Klinikum Neunkirchen gGmbH

Städtisches Klinikum Neunkirchen is a hospital for specialised medical services with 275 planned beds in Neunkirchen, Saarland. More than 11,600 inpatients and 30,000 outpatients are treated at Städtisches Klinikum Neunkirchen each year.

Stiftung kreuznacher diakonie

Stiftung kreuznacher diakonie („SKD“) is a charitable trust that operates hospitals, hospices and accommodations for the handicapped, elderly and homeless in Rhineland-Palatinate, Saarland and Hesse. SKD, headquartered in Bad Kreuznach, has approximately 6,000 employees and treats several thousand patients in Germany every day.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 195,000 employees in 157 countries. Our global network comprises nearly 1,550 M&A professionals all over the world, realizing approx. 390 successful transactions per year. We specialize in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatizations as well as structured financing.

The PwC M&A team in Germany acted as exclusive financial advisor to Kreisstadt Neunkirchen; PwC Legal acted as exclusive legal advisor.

The following PwC M&A and PwC Legal team members were involved: Alexander von Friesen (Partner), Kai Drigalla (Senior Manager), Constantin Gutknecht and Janika Bierfreund (both Senior Consultants) (PwC M&A) as well as Matthias Fischer (Partner), Timo Rinne (Senior Manager), Leila Züllighoven and Carmen Rösch-Mock (both Senior Consultants).