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Real-time Estimate Quote. Real-time Estimate Tradegate - 08/03 03:58:00 pm
68.75 EUR   +0.81%
07/27COMPUGROUP MEDICAL : Receives a Buy rating from Warburg Research
07/26COMPUGROUP MEDICAL : Baader Bank maintains a Sell rating
07/26COMPUGROUP MEDICAL : Deutsche Bank gives a Buy rating
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

CompuGroup Medical : completes acquisition of parts of Cerner's European hospital information system business

07/01/2020 | 11:10am EDT

DGAP-News: CompuGroup Medical SE & Co. KGaA / Key word(s): Acquisition
CompuGroup Medical completes acquisition of parts of Cerner's European hospital information system business

01.07.2020 / 17:07
The issuer is solely responsible for the content of this announcement.

  • CompuGroup Medical completes acquisition of parts of Cerner's European hospital information system business
  • Acquisition of parts of the Cerner portfolio in Europe completed
  • CompuGroup Medical (CGM) becomes the clear number 2 in the German market for hospital information systems
  • Expansion of the portfolio in Spain; being one of the leading providers of HIS in public hospitals
  • Hospitals benefit from a combination of hospital information systems and connectivity technologies

Koblenz. CompuGroup Medical SE & Co. KGaA (CGM) has acquired parts of Cerner's business in Germany and Spain. The transaction was announced in February and was completed today. The acquired parts of the company will be fully included in the group consolidation as of July 1st, 2020. CGM expects the acquired business activities to deliver a contribution to revenues and EBITDA in the second half of fiscal year 2020 above same period of prior year, including initial synergy effects. For the entire year 2019, revenues of the acquired business area were approximately EUR 74 million, and the EBITDA was at approx. EUR 13 million. Now that the transaction is complete, CGM's portfolio includes medico(R), Soarian Health Archive(R) (S-HA) and Soarian(R) Integrated Care (S-IC), which are leading hospital information systems (HIS) in Germany as well as Selene(R), a leading HIS in Spain. As a result, Koblenz-based CGM, one of the largest providers of eHealth solutions worldwide, assumes a leading position in the European HIS market. Via combination with existing solutions, in particular through better connectivity, additional value will be created for health professionals and patients.

"With the successful completion of this transaction, we expand our customer base for hospital information systems by more than 300 additional facilities, making us number 2 in Germany and one of the leading providers in public hospitals in Spain," explains Hannes Reichl, Managing Director Hospital Information Systems at CGM. "The combination of medico and Selene with CGM's connectivity services and the innovative CGM CLINICAL modules enables us to create significant, long-term added value for our customers. Medico and Selene customers will still be in the best hands with us in the future. We will continue to offer them their familiar software solutions and our effective service, whilst simultaneously connectivity with the other sectors in healthcare is strengthened - an important step towards universal digital support of the so-called patient journey, i.e. the accompaniment of health care throughout all stages of treatment."

As a result of the takeover, around 1.5 million users, including doctors in medical practices and hospitals, dentists, pharmacists, nursing staff and many other healthcare professionals in outpatient and inpatient healthcare facilities, now rely on solutions from CompuGroup Medical. This enables comfortable, coordinated processes between the different parties involved in patient treatment.

Frank Gotthardt, Founder and CEO of CGM, emphasizes: "The over 300 additional facilities that can do their important job of helping people even better thanks to intelligent digital technologies, are a good sign for the healthcare system and for everyone. We warmly welcome our approximately 300 new colleagues that bring along valuable specialist and expert knowledge. Around 6,100 employees in 18 countries are now continuously working to make our vision come true: Nobody should suffer or die just because medical information is missing somewhere at some point."

About CompuGroup Medical SE & Co. KGaA
CompuGroup Medical is one of the leading eHealth companies in the world. With a revenue base of EUR 746 million in 2019, its software products are designed to support all medical and organizational activities in doctors' offices, pharmacies, laboratories 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 more than 1.5 million users, including doctors, dentists, pharmacists and other health professionals in inpatient and outpatient facilities. With locations in 18 countries and products in 56 countries worldwide, CompuGroup Medical is the eHealth company with one of the highest coverages among eHealth service providers. Approximately 6,100 highly qualified employees support customers with innovative solutions for the steadily growing demands of the healthcare system.

Contact for media representatives:
Michael Franz
Head of Brand Communication
P +49 (0) 261 8000-6100
F +49 (0) 261 8000-3100
E-mail: press@cgm.com

Contact for analysts and investors:
Claudia Thomé
Head of Investor Relations
P +49 (0) 261 8000-7030
F +49 (0) 261 8000-3200
E-mail: claudia.thome@cgm.com

01.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: CompuGroup Medical SE & Co. KGaA
Maria Trost 21
56070 Koblenz
Phone: +49 (0)261 8000 6200
Fax: +49 (0)261 8000 3200
E-mail: investor@cgm.com
Internet: www.cgm.com
ISIN: DE000A288904
WKN: A28890
Indices: MDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1083757

End of News DGAP News Service

1083757  01.07.2020 


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Dirk Woessner Chairman-Management Board & CEO
Michael Rauch Chief Financial Officer
Philipp von Ilberg Chairman-Supervisory Board
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