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CompuGroup Medical AG

EANS-News: CompuGroup Medical acquires remaining shares in HCS

Koblenz (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers
27 Dezember 2010. CompuGroup Medical has
completed its takeover of HCS (Health Communication Service) by 
acquiring the remaining shares in the Austrian-based company on 1 
December 2010. The group had already held a 50% stake in HCS since 
2006 via its Austrian subsidiary systema. Anticipated turnover for 
2010 is 2 million euro, and EBITDA are expected to come in at 
approximately 560,000 million euro.
HCS, which has its Registered Office in Steyr in Austria, is a 
leading provider in the fields of electronic results reporting, 
electronic image and data transfer, patient referral and workflow 
solutions for integrated care. The company also offers doctors´ 
portals. As a HCS shareholder of four years´ standing, CompuGroup 
Medical is already extremely familiar with the systems operated by 
the company.
The acquisition of the remaining shares means that the HCS product 
portfolio can now be completely integrated into the group. CompuGroup
Medical CEE is already one of the leading IT providers in the 
Austrian healthcare sector and operates five subsidiaries in the 
country.  The company uses intelligent workflow solutions to network 
general practitioners, specialists and hospital doctors. The systems 
in place support all medical and organisational activities. Its 
customer base includes more than 4,500 doctors´ surgeries and in 
excess of 140 in-patient facilities.
"We are already the market leader in Austria for hospital information
systems", CompuGroup Medical CEO Frank Gotthardt proudly asserts. 
"The acquisition of HCS will enable us to continue to expand our 
presence in the field of network solutions. Our aim is to provide an 
overarching networking system for service providers in the Austrian 
healthcare system. HCS will have a particularly crucial part to play 
in the implementation of important electronic healthcare file 
applications and workflows". Mr. Gotthardt concluded by saying that 
this would deliver greater levels of performance whilst reducing the 
cost base.
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 16 European countries as well as 
in Brazil, Chile, Malaysia, Morocco, Saudi Arabia, South Africa and 
in the USA and currently employs around 3,200 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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