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CompuGroup Medical AG

EANS-News: CompuGroup Medical expands presence in Spain

Koblenz (euro adhoc) -

Acquisition of hospital division from SIVSA
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers
Subtitle: Acquisition of hospital division from SIVSA
16. December 2010: CompuGroup Medical
concluded a sale and purchase agreement for the hospital division of 
SIVSA on 10.12.2010. The Spanish company develops and distributes 
hospital information systems in Europe, North Africa and South 
America. The turnover of the hospital division is estimated at 3.4 
million euros for 2010, at an EBITDA of 350,000 euros.
With this acquisition, CompuGroup Medical is consistently continuing 
its growth strategy. The provider of medical information technologies
now has locations in 22 countries around the globe and is also 
represented in South America for the first time. Today, the company 
already has the largest range of software products among medical 
service providers around the world. Closing of the transaction is 
scheduled for February 2011 and is subject to prior demerger of the 
healthcare department from what is currently part of SIVSA, 
Soluciones Informáticas, S.A, Vigo, Spain.
SIVSA has been developing software applications for over 15 years, 
including for hospitals and laboratories. The company is the market 
leader in north-west Spain and has additional locations in Portugal, 
Brazil, Chile and Morocco. The hospital division of SIVSA is an ideal
supplement to the existing CompuGroup Medical portfolio: in addition 
to medical information systems (AIS), hospital information systems 
(KIS) are now also covered on the Spanish market. Furthermore, the 
company group is now present in four additional countries for the 
first time.
Frank Gotthardt, Chairman of the Board of CompuGroup Medical AG, sums
up the acquisition: "With this latest acquisition, we are pursuing 
our strategy of continual growth. SIVSA is a very efficient company. 
Following successful integration, we will upgrade the existing 
software for our international platform strategy and add interfaces 
to our SAM modules. SAM stands for Software Assisted Medicine and 
offers the doctor intelligent access to patients for relevant 
decisions or in the case of precise medical knowledge. This means we 
combine the tried and tested with the new and therefore begin to 
develop the enormous vertical growth potential of our markets."
About CompuGroup Medical AG CompuGroup Medical is one of the leading 
e-health companies worldwide. Its software products, designed to 
support all medical and organizational activities in doctors´ offices
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. The services 
of CompuGroup Medical are based on its unique customer base of around
370,000 doctors, dentists, hospitals and networks as well as other 
service providers. CompuGroup Medical is the e-health company with 
one of the biggest coverage among e-health service providers 
worldwide. The company operates in 14 European countries as well as 
in Malaysia, Saudi Arabia, South Africa and in the USA and currently 
employs around 3,100 people.
end of announcement                               euro adhoc

Further inquiry note:

CompuGroup Medical AG
Barbara Müller
Consultant Press & Media
P +49 (0) 261 8000-1293
F +49 (0) 261 8000-3284
E-Mail: press@cgm.com

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

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