euro adhoc: Curanum AG
Mergers - Acquisitions - Takeovers
CURANUM to acquire ELISA Seniorenstift GmbH

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CURANUM AG, Munich, is to take over six care homes operated by ELISA Seniorenstift GmbH effective January 1, 2008, from the Munich-based Doblinger Group. The six facilities located in Aschaffenburg, Frechen, Herne, Hilden, Cologne and Ulm with a total of 435 nursing beds, as well as 755 sheltered living apartments with ambulant service units generate a turnover of EUR 34.2 million and operating profit (EBITDA) of EUR 2.4 million.

CURANUM AG will acquire the operation of the facilities including a cash balance of around EUR 3 million and real estate valued at around EUR 7 million (including a EUR 4.8 million charge) in return for a total price of EUR 20.6 million.

The geographical location of the ELISA Seniorenstift facilities will enable them to be integrated into the existing CURANUM AG cluster system and benefit from the associated synergy effects resulting from bundling secondary services.

This brings the number of facilities operated by CURANUM AG with effect from January 01 next year to 68, with accommodation for 7,735 residents and 1,630 managed apartments.

Munich, November 22, 2007

The Management Board

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ots Originaltext: Curanum AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Bernd Rothe
Tel.: +49 (0)89 242065-60
E-Mail: bernd.rothe@curanum.de

Branche: Healthcare Providers
ISIN:      DE0005240709
WKN:        524070
Index:    CDAX, Classic All Share, Prime All Share, SDAX
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse München / regulated dealing

Weitere Meldungen: Korian

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