Full Press Release Details
Fresenius Medical Care
Fresenius Medical Care AG & Co. KGaA
Phone: + 49 6172 609 2601
Fax: + 49 6172 609 2301
E-mail: ir@fmc-ag.com
Phone: + 1 781 402 9000
Fax: + 1 781 402 9741
E-mail: ir@fmc-ag.com
Internet: http://www.fmc-ag.com
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Fresenius Medical Care Completes Divestiture of Facilities
in Connection with Renal Care Group Acquisition
Bad Homburg, Germany - Fresenius Medical Care AG & Co. KGaA (Frankfurt Stock
Exchange: FME, FME3) (NYSE: FMS, FMS-p), the world's largest provider of
dialysis products and services, today announced that its subsidiaries, Fresenius
Medical Care Holdings, Inc. and Renal Care Group, Inc., completed the sale of 96
freestanding renal dialysis centers to a wholly-owned subsidiary of DSI Holding
Company, Inc ("DSI"), including centers divested pursuant to a consent agreement
with the Federal Trade Commission ("FTC"). An additional 9 centers located in
Illinois will be sold upon receipt of Illinois regulatory approval, which is
expected in the second quarter of 2006. The sale was made pursuant to an
agreement to sell a total of 105 centers. Fresenius Medical Care will receive
aggregate cash consideration of approximately $511 million for all of the
centers being divested, subject to post-closing adjustments.
Fresenius Medical Care AG & Co. KGaA, April 07, 2006 1 of 2
Fresenius Medical Care is the world's largest, integrated provider of products
and services for individuals undergoing dialysis because of chronic kidney
failure, a condition that affects more than 1,400,000 individuals worldwide.
Through its network of approximately 2,000 dialysis clinics in North America,
Europe, Latin America, Asia-Pacific and Africa, Fresenius Medical Care provides
dialysis treatment to approximately 157,000 patients around the globe. Fresenius
Medical Care is also the world's leading provider of dialysis products such as
hemodialysis machines, dialyzers and related disposable products.
For more information about Fresenius Medical Care visit the Company's website at
DSI is a healthcare services company based in Nashville, Tennessee. DSI is in
the business of acquiring, developing and operating kidney dialysis treatment
clinics, hospitals and acute care centers. DSI aims to work with physicians to
provide the best patient care possible and to improve the quality of life for
patients, patients' families, and employees. DSI is a portfolio company of
Centre Partners, a leading middle market private equity firm with offices in New
York City and Los Angeles. Centre Partners and its affiliates have invested over
$3 billion of equity capital in more than 80 businesses since its inception in
1986. Centre Partners is currently investing through its fourth fund, which has
committed capital of approximately $780 million.
Additional information about Centre Partners is available at
This release contains forward-looking statements that are subject to various
risks and uncertainties. Actual results could differ materially from those
described in these forward-looking statements due to certain factors, including
changes in business, economic and competitive conditions, regulatory reforms,
foreign exchange rate fluctuations, uncertainties in litigation or investigative
proceedings, and the availability of financing. These and other risks and
uncertainties are detailed in Fresenius Medical Care AG & Co. KGaA's reports
filed with the U.S. Securities and Exchange Commission. Fresenius Medical Care
AG & Co. KGaA does not undertake any responsibility to update the
forward-looking statements in this release.
Fresenius Medical Care AG & Co. KGaA, April 07, 2006 2 of 2