Capio AB acquires French hospital group

Capio AB acquires French hospital group. Check it out:

(Nordic Business Report Via Thomson Dialog NewsEdge) The Swedish healthcare group Capio AB announced on Thursday (21 September) an agreement to acquire French hospital operator Tonkin Group.

The purchase consideration is based on an enterprise value of EUR146m.

Tonkin Group offers medical, surgical and obstetrical care services through three clinics in Lyon and Villeurbanne. The group has 1,000 employees and 310 self-employed physicians. The annual group turnover is approximately EUR105m.

The acquisition increases Capio's French operations by some 30% and strengthens its position in the Rhone-Alpes region.

"The acquisition of Tonkin is in line with our strategy in France, to actively take part in the consolidation of the French healthcare market through regionally complementary acquisitions," said Ulf Mattsson, CEO of Capio.

One euro (EUR) is worth approximately 0.67 British pounds (GBP).

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Copyright 2006 M2 Communications Ltd.. Source: Financial Times Information Limited.

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September 21, 2006 12:37 PM

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