CompuGroup Medical AG

EANS-Adhoc: CompuGroup Medical AG expands in US Market

@@start.t1@@--------------------------------------------------------------------------------   ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro   adhoc with the aim of a Europe-wide distribution. The issuer is solely   responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@

Company Information


Koblenz: Today, CompuGroup Medical AG has entered into an agreement for the purchase of 100% of the shares in American Healthcare Holdings, Inc., Visionary Medical Systems, INC. and Visionary RCM, INC. ("Visionary Healthware Group"). Visionary Healthware Group is a provider of practice management software and electronic health records to approximately 10,000 office-based doctors in USA, and also a vendor of laboratory information systems and revenue cycle management services. Total sales in 2009 were about $28.0 million and EBITDA was about $6.2 million.

The payment for all debt and equity in the entities acquired is expected to total $44 million in cash plus an additional variable consideration over the next 2 years of up to $21 million depending primarily on the continued growth in number of users. The initial purchase price will be financed through cash at hand and new long-term debt. The shares of Visionary Healthware Group will be held by CompuGROUP Holding USA, Inc., a wholly-owned entity of CompuGroup Medical AG. The closing of the transaction is scheduled for September 1st 2010

End of Ad-hoc announcement

@@start.t2@@end of announcement                                                 euro adhoc

ots Originaltext: CompuGroup Medical AG
Im Internet recherchierbar:

Further inquiry note:
Ralf Glass
Vicepresident CEO support
T +49 (0) 160 3630315

Branche: Software
ISIN:      DE0005437305
WKN:        543730
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / free trade

Weitere Meldungen: CompuGroup Medical AG

Das könnte Sie auch interessieren: