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Fresenius Medical Care Closes USD 2bn Acquisition of NxStage Medical.

M2 EQUITYBITES-February 27, 2019-Fresenius Medical Care Closes USD 2bn Acquisition of NxStage Medical

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27 February 2019 - US-based dialysis products and services provider Fresenius Medical Care has completed the acquisition of NxStage Medical, Inc. (NxStage), following approval by antitrust authorities in the United States, the company said.

NxStage develops, produces and markets a product portfolio of medical devices for use in home dialysis and critical care.

The acquisition will enable Fresenius Medical Care to leverage its manufacturing, supply chain and marketing competencies across the dialysis products, services and Care Coordination businesses in a less labor- and capital-intensive care setting.

NxStage, which just like Fresenius Medical Care North America has its headquarters in the Boston, Massachusetts area, was founded in 1998 and has approximately 3,800 employees worldwide.

In 2017, NxStage delivered USD 394m in revenue.

The company now expects lower total integration costs of around EUR 50 to EUR 75 m over the three years following the closing of the transaction. The company assumes the full year effect of incremental intangible assets amortization to be in the range of EUR 70 to 80 m for the first two years, then drop to EUR 45 to 55m thereafter.

Fresenius Medical Care is the world's largest provider of products and services for individuals with renal diseases of which around 3.4m patients worldwide regularly undergo dialysis treatment.

Through its network of 3,928 dialysis clinics, Fresenius Medical Care provides dialysis treatments for 333,331 patients around the globe.

Fresenius Medical Care is also the provider of dialysis products such as dialysis machines or dialyzers. Along with the core business, the company focuses on expanding the range of related medical services in the field of Care Coordination.

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Publication:M2 EquityBites (EQB)
Date:Feb 27, 2019
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