EANS-Adhoc: CompuGroup Medical AG expands in US Market
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.
Company Information
31.08.2010
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
end of announcement euro adhoc
Further inquiry note:
Ralf Glass
Vicepresident CEO support
T +49 (0) 160 3630315
E-Mail: ralf.glass@compugroup.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