Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

COMPUGROUP MEDICAL SOCIETAS EUROPAEA

(COP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

CompuGroup Medical AG : Stunning boost of KSA healthcare expenditures to reach SAR 91 billion in 2012

08/13/2012 | 04:24am EDT
  • The aggressive adoption of medical devices is dramatically
    influencing the demand for more advanced IT solutions.

Riyadh, August 13 2012: Healthcare expenditures in KSA are expected to increase by 16 percent, from SAR 78.63 billion in 2011 to SAR 91.23 billion in 2012, driven by aggressive public sector investments in healthcare facilities. The medical devices sector, on the other hand, will sustain a 17.9 percent growth, reaching SAR 6.53 billion in 2012 from SAR 5.54 billion in the previous year. The increase in healthcare spend has attracted the attention of global healthcare suppliers and manufacturers, while giving KSA's healthcare sector better access to the latest state-of-the-art medical technologies and value-added services.

Demand for healthcare IT solutions for managing critical data assets has registered considerable
growth in KSA in light of the government's aggressive healthcare expenditure, according to
CompuGroup Medical, one of the world's leading eHealth companies. Taking advantage of the
excellent market conditions, CGM has intensified its growth plans in KSA by developing custombuilt
eHealth solutions that cater to the specific needs of hospitals and other healthcare
institutions in KSA.

Mehmet Bilginsoy, Managing Director, CGM Middle East, said: "The aggressive government and
private expenditure on healthcare has created a corresponding boost in demand for
sophisticated healthcare IT solutions. As hospitals and other medical facilities increasingly use
more advanced medical devices and techniques, they likewise need to adopt comprehensive healthcare IT solutions that will enable them to function efficiently and achieve greater
productivity. CompuGroup Medical intends to complement the aggressive adoption of modern
healthcare technologies in the KSA by providing scalable IT products and solutions that will
empower healthcare providers to further raise the quality of their services."

About CompuGroup Medical AG
CompuGroup Medical is one of the leading eHealth companies in the world. Its software products are designed to support all medical and organizational activities in doctors' offices, pharmacies and hospitals. Its information services for all parties involved in the healthcare system and its web-based personal health records contribute towards safer and more efficient healthcare. CompuGroup Medical's services are based on a unique customer base of over 385,000 doctors, dentists, hospitals, pharmacies and networks as well as other service providers. With locations in 19 countries and customers in 34 countries worldwide, CompuGroup Medical is the eHealth company with one of the highest coverage among eHealth service providers. Approximately 3,500 highly qualified employees support customers with innovative solutions for the steadily growing demands of the healthcare system.

Contact for media representatives:
CompuGroup Medical AG
Barbara Müller

Consultant Press & Media
P 49 (0) 261 8000-6100
F 49 (0) 261 8000-3100

distributed by

ę Publicnow 2012
All news about COMPUGROUP MEDICAL SOCIETAS EUROPAEA
09/21COMPUGROUP MEDICAL SE & CO. KGAA : Preliminary announcement of the publication of quarterl..
EQ
09/20COMPUGROUP MEDICAL : Deutsche Bank remains its Buy rating
MD
09/16COMPUGROUP MEDICAL : Warburg Research revises his opinion and turns to Neutral
MD
09/15COMPUGROUP MEDICAL : Receives a Sell rating from Baader Bank
MD
09/15COMPUGROUP MEDICAL : Receives a Buy rating from Warburg Research
MD
09/15COMPUGROUP MEDICAL : Gets a Sell rating from Baader Bank
MD
09/14COMPUGROUP MEDICAL : Receives a Buy rating from Jefferies
MD
09/14COMPUGROUP MEDICAL : áMedicaláannounces medium-termátargets foráEBITDA-margináfor the firs..
PU
09/14COMPUGROUP MEDICAL : announces medium-term targets for EBITDA-margin for the first time an..
EQ
09/14PRESS RELEASE : CompuGroup Medical announces medium-term targets for EBITDA-margin for the..
DJ
More news
Analyst Recommendations on COMPUGROUP MEDICAL SOCIETAS EUROPAEA
More recommendations
Financials
Sales 2021 1 022 M 1 195 M 1 195 M
Net income 2021 81,8 M 95,7 M 95,7 M
Net Debt 2021 504 M 589 M 589 M
P/E ratio 2021 50,5x
Yield 2021 0,74%
Capitalization 4 055 M 4 760 M 4 741 M
EV / Sales 2021 4,46x
EV / Sales 2022 4,15x
Nbr of Employees 8 030
Free-Float 48,8%
Chart COMPUGROUP MEDICAL SOCIETAS EUROPAEA
Duration : Period :
CompuGroup Medical Societas Europaea Technical Analysis Chart | COP | DE0005437305 | MarketScreener
Technical analysis trends COMPUGROUP MEDICAL SOCIETAS EUROPAEA
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 76,90 €
Average target price 84,30 €
Spread / Average Target 9,62%
EPS Revisions
Managers and Directors
Dirk W÷ssner Chairman-Management Board & CEO
Michael Rauch Chief Financial Officer
Philipp von Ilberg Chairman-Supervisory Board
Frank Brecher Chief Technology Officer
Sven Thomas MŘller Vice Chairman & Chief Information Officer
Sector and Competitors
1st jan.Capi. (M$)
COMPUGROUP MEDICAL SOCIETAS EUROPAEA-1.65%4 777
ORACLE CORPORATION33.20%238 003
SAP SE13.11%167 635
INTUIT INC.45.95%151 634
SERVICENOW, INC.18.85%129 620
DOCUSIGN, INC.21.98%53 342