Brief: Medicover Acquires MeinDentist In Germany

Medicover AB

02/06/2022 07:08

June 2 (Reuters) - Medicover AB  MCOVb.ST :
    * MEDICOVER ACQUIRE MEINDENTIST IN GERMANY
    * MEDICOVER HAS SIGNED AN AGREEMENT TO ACQUIRE 100 PER CENT
OF
BUSINESS OF MEINDENTIST AND ENTER GERMAN DENTAL MARKET.
    * ACQUISITION IS FULLY PAID CASH ON HAND AND DEBT FREE
    * ACQUISITION IS SUBJECT TO CUSTOMARY MERGER CONTROL AND
REGULATORY APPROVALS AND IS EXPECTED TO BE CONSOLIDATED FROM Q4.
    * TRANSACTION PRICE IS NOT PUBLISHED BUT REPRESENTS A HIGHER
SINGLE DIGIT TRAILING EBITDA MULTIPLE BASED UPON MATURE CLINICS
PERFORMANCE.

Source text for Eikon:  ID:nWkrtMM7S 
Further company coverage:  MCOVb.ST 

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