Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Fresenius Medical Eyes Acquisitions in 2012 Worth Up to $300 MLN

Don't Miss Out —
Follow us on:

Nov. 2 (Bloomberg) -- Fresenius Medical Care AG, the world’s biggest provider of kidney dialysis, aims to do more acquisitions next year and increase volume to offset lower government reimbursements in the U.S.

“This has been a year of dramatic change in terms of reimbursement,” Chief Executive Officer Ben Lipps said in an interview today.

The company will likely spend up to $300 million on acquisitions next year, once it completes the purchase of Liberty Dialysis Holdings Inc. in the U.S. for $1.7 billion, Chief Financial Officer Michael Brosnan said in the same interview. The Liberty transaction is on track to close in the first quarter, he said.

Fresenius sees opportunities for expansion in Eastern Europe, Asia and Latin America, Lipps said.

“We are selective about where we grow, but there’s a lot of opportunity in the world,” he said.

The company saw reimbursement schedules improve during the third quarter by four days in the U.S. and three days internationally compared with the previous quarter, Brosnan said. This and cost controls helped the company offset lower prices in the U.S., he said.

Link to Company News:{9875430Z US <Equity> CN <GO>} Link to Company News:{FME GR <Equity> CN <GO>}

To contact the reporter on this story: Allison Connolly in Frankfurt at aconnolly4@bloomberg.net

To contact the editor responsible for this story: Allison Connolly at aconnolly4@bloomberg.net