The county of Biberach (“Biberach”) has entered into an agreement with the Sana Kliniken AG (“Sana”) to sell 74.9% of the shares of Kliniken Landkreis Biberach GmbH (“KLB”). Closing took place on 4 January 2013. Sana will invest at least EUR 70m into the infrastructure of KLB as well as an additional EUR 15m for employee training and structural changes.
Kliniken Landkreis Biberach GmbH provides a broad range of largely inpatient services at three locations in den county of Biberach with 603 beds. Furthermore it offers care services with a total amount of 90 beds.
In 2012, KLB had revenues of EUR 88m and employed more than 1,600 employees.
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.
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), Kai Drigalla (Senior Manager) and Godfried Hangx (Manager).
For more information please contact Alexander von Friesen on +49 69 9585 5487
Partner, Co-Head Mergers & Acquisitions: Automobilindustrie, Industrielle Produktion
Tel.: +49 69 9585-5667
Dr. Alexander von Friesen
Partner, Co-Head Mergers & Acquisitions: Gesundheitswesen, Handel und Konsumgüter
Tel.: +49 69 9585-5487