Brief: Medicover Acquires Leading Hospital Group Within Neonatology And Obstetrics In Poland

Medicover AB

15/02/2019 06:32

Medicover AB  MCOVb.ST :
    * MEDICOVER ACQUIRES LEADING HOSPITAL GROUP WITHIN
NEONATOLOGY AND
OBSTETRICS IN POLAND
    * TRANSACTION IS SUBJECT TO CUSTOMARY MERGER CONTROL
APPROVALS AND
IS EXPECTED TO BE CONSOLIDATED DURING 2NDQUARTER OF 2019
    * MEDICOVER HAS SIGNED AN AGREEMENT TO ACQUIRE NEOMEDIC
    * IN 2018, NEOMEDIC IS EXPECTED TO REPORT REVENUE OF CA. 120
MILLION PLN
    * ACQUISITION WILL BE FUNDED WITH CURRENT COMMITTED DEBT
FACILITIES AND IS EXPECTED TO BE ACCRETIVE IN 2019.
    * IN 2018, NEOMEDIC IS EXPECTED TO REPORT REVENUE OF CA. 120
MILLION PLN (CA. 28 MILLION EURO)
    * ACQUISITION WILL BE FUNDED WITH CURRENT COMMITTED DEBT
FACILITIES AND IS EXPECTED TO BE ACCRETIVE IN 2019.

Source text for Eikon:  ID:nWkrbcF254 
Further company coverage:  MCOVb.ST