EANS-Adhoc: Kräutergarten Group acquires Vienna-based senior care facility from Curanum AG

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Curanum AG and Kräutergarten Betriebs-  und  Beteiligungsgesellschaft mbH  have today signed a purchase agreement  whereby  the   "Armbrustergasse"  senior  care facility in Vienna will be sold to the Kräutergarten Group  with  effect  as  of December 31, 2010 / January 1, 2011. "With this step we aim  to  further  expand the good positioning of the Kräutergarten Group within  Vienna  thanks  to   this care  facility's  attractive  location,"  commented  Harald     Fischl,    Managing Director of Kräutergarten Betriebs-  und   Beteiligungsgesellschaft  mbH.  Around 130 occupants  currently  live at  the  "Armbrustergasse"  care  facility.  "At Curanum, we aim to concentrate in the future on our core  German  business,  and we are pleased that, in the Kräutergarten Group, we have found a strong   partner who should be successful in implementing sustainable improvements  to  both  the cost structures and the services for occupants through the local association  of

@@start.t2@@facilities  that  it  owns,"  commented    Walther    Wever,    Curanum    AG    CEO. Confidentiality has been agreed between the contractual partners concerning  the purchase price and other general terms of the  agreement.  The  closing  of  the agreement is planned to occur during the course of the  first  quarter  of  2011 once corresponding third-party declarations have been submitted.

Munich / Vienna, December 21, 2010

The Management Board@@end@@

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Further inquiry note: Walther Wever CEO Tel.: +49 (0)89-242065-0

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

Weitere Meldungen: CURANUM AG

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