Corporate News | 12/14/2006

RHÖN-KLINIKUM AG:Takeover of Kreiskrankenhaus Köthen/Saxony-Anhalt

RHÖN-KLINIKUM AG / Acquisition/Legal MatterCorporate news transmitted by DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.
RHÖN-KLINIKUM AG, Bad Neustadt a.d.SaaleTakeover of Kreiskrankenhaus Köthen/Saxony-AnhaltBad Neustadt a.d. Saale, 14 December 2006 ----- At its council meetingyesterday evening the District of Köthen in Saxony-Anhalt decided by alarge majority in favour of selling its district hospital to RHÖN-KLINIKUMAG. The listed hospital group headquartered in the Rhön will acquire thecurrently district-owned hospital, which is expected to achieve revenues ofEUR 24 million this year, as of 1 January 2007. The parties agreed tomaintain secrecy regarding the purchase price.Kreiskrankenhaus Köthen currently has 264 beds. Its offering is comprisedof the specialty fields of internal medicine (125 beds), general surgery(100 beds), gynaecology and obstetrics (32 beds) and the affiliatedpractitioner department urology (7 beds). In 2005, a total of 10,229patients were treated with a staff of 401.Against the background of the German health reform, the nationalintroduction of DRGs (diagnosis related groups) for all hospitals, as wellas increasing competition, began looking for strong prospective buyersearly on by inviting them to submit bids. In the interest of its citizens,the aim is to ensure future-oriented healthcare delivery in the long term. In the end it was owing to our expertise and experience in privatisingpreviously publicly owned hospitals, the future medical concept wesubmitted and above all our willingness to swiftly resolve the currentbacklog in investment and medical equipment out of own funds that thedecision was taken in favour of the RHÖN-KLINIKUM Group. As part of ageneral meeting of employees on 15 December 2006, representatives of theBoard of Management of RHÖN-KLINIKUM AG will present the future concept tothe staff of Kreiskrankenhaus Köthen.Brigitte SallweySallwey & PartnerTelemannstr. 18D-60323 FrankfurtTel.: (+49) 069-97 203 628DGAP 14.12.2006
Language: EnglishIssuer: RHÖN-KLINIKUM AG Salzburger Leite 1 97616 Bad Neustadt/ Saale DeutschlandPhone: +49 (0)9771 - 65-0Fax: +49 (0)9771 - 97 467E-mail: www.rhoen-klinikum-ag.comISIN: DE0007042301WKN: 704230Indices: MDAXListed: Amtlicher Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service