A PYMNTS Company

Germany: Hospital co-op blocked from rival buyout

By  |  July 30, 2013
Germany: Hospital co-op blocked from rival buyout

German antitrust authorities have blocked Asklepios’s previously-cleared acquisition of more than 10 percent in rival hospital cooperation Rhoen-Klinikum after finding Asklepios failed to meet concessions originally agreed upon for the deal. Reports say Germany’s Federal Cartel Office agreed in March to allow the buyout that would see 10.1 percent of Rhoen in control of Asklepios as long as Asklepios sold a hospital and medical center in one region. Since, the cooperative has reportedly not met those conditions; Rhoen told media that the watchdog has now blocked the buyout.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.