EANS-News: CompuGroup Medical enters the Swiss Healthcare Market
Koblenz (euro adhoc) -
Acquisition of the market leader for hospital information systems
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers
Subtitle: Acquisition of the market leader for hospital information systems
January 11, 2011: CompuGroup Medical stays focused on pursuing their growth strategy. The company today executed a contract with MCS for the acquisition of all assets of Parametrix AG and Parametrix Deutschland GmbH. With this purchase, CompuGroup Medical, the provider of medical information technology, is now represented in the Swiss healthcare market. Parametrix is the Swiss market leader in the hospital information sector.
The company, who has 51 employees, has their primary headquarters in Niederwangen near Bern and also has a subsidiary in Eltville, Germany. With a market share of close to 30% of the acute care hospital sector and nearly 20% of rehabilitation and social services facilities, Parametrix is a market leader for hospital information systems (HIS) in Switzerland. The total revenues in 2010 were almost 6 million euros, based on the acquired assets.
"The acquisition of Parametrix is a strategic investment in the acute care and rehabilitation market and a further step in our pursuit of being a leader in the worldwide e-health market," emphasized Frank Gotthardt, chairman of CompuGroup Medical AG. "Our expansion strategy has proven itself to be successful and we will remain on that path and continue our growth so we can provide even more hospitals and medical centers with optimal solutions at the international level," continued the company founder.
The entry into the Swiss healthcare market comes at a very opportune time. Based on numbers that were provided by the OECD, in 2006 Switzerland had the second-highest healthcare expenses in the world when measured as a share of the gross domestic product. After the successful integration of Parametrix´s products into the corporation, the existing software will be upgraded for the international platform strategy. Swiss hospitals will therefore have access to modular solutions that can easily be integrated into existing processes. They will contribute to slimming down operating procedures and thereby a significant reduction of costs.
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 17 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