Fresenius To Pay €485M For Euromedic Dialysis Unit

Law360, New York (January 4, 2011, 1:52 PM EST) -- German health care company Fresenius Medical Care AG said Tuesday it had agreed to shell out €485 million ($645 million) to buy Euromedic International's dialysis service unit in an effort to strengthen its hold on the Eastern European renal therapy market.

Once the deal closes, Euromedic's International Dialysis Centers business will add about $180 million in annual revenue and be accretive to earnings in the first year after the transaction is completed, according to the buyer.

The purchase is slated to close in the first half of...
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