Euromedic sells 8 dialysis clinics to rival Fresenius

Eight dialysis clinics owned by the specialised unit of Euromedic healthcare services group will be taken over by Fresenius Medical Care in Romania, as part of a 485m-euro international deal involving a total of 70 clinics.

"In Romania, Euromedic's dialysis services unit had 1,100 patients in 2009, to whom the 1,400 clients of Fresenius will be added," said the representatives of Fresenius, a German-held group.

In the wake of this deal, Euromedic will exit the dialysis market, where it operated with the Nefromed brand, but it will still be among the top ten players in private healthcare services, with a seven-clinic network.

At the overall level of 485m euros, the eight clinics of Romania are likely to be valued at 55m euros, with this being the largest deal targeting the domestic dialysis market, a state-dependent business.

The statement announcing the international deal specified Euromedic decided to focus on investments in the other fields it operates in.