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Stock Market & Financial Investment News

News Breaks
June 30, 2014
05:40 EDTFMSFresenius Medical downgraded to Underperform from Hold at Jefferies
News For FMS From The Last 14 Days
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November 19, 2014
14:11 EDTFMSFresenius, Permira made joint bid for Danone nutrition unit, WSJ reports
Fresenius SE, the German parent company of Fresenius Medical (FMS), and buyout firm Permira made a joint bid for Danone’s (DANOY) medical nutrition business, according to The Wall Street Journal, citing people familiar with the matter. Danone has set early next week as the deadline for others to bid, though one of the people said the joint bid is currently the only one on the table, the report noted. Reference Link
13:47 EDTFMSFresenius, Permira made joint bid for Danone nutrition unit, DJ reports
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November 17, 2014
07:21 EDTFMSDanone mulls IPO for nutrition unit as sale talks disappoint, Reuters says
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November 13, 2014
06:43 EDTFMSFresenius Medical to acquire Cogent Healthcare, financial terms not disclosed
Fresenius Medical Care AG & Co. KGaA announced that Sound Physicians has entered into an agreement to acquire Cogent Healthcare with more than 650 providers, who offer hospitalist and intensivist services to more than 80 hospitals throughout the United States. Combined, the expanded Sound Physicians organization will now serve over 180 hospitals in 35 states with more than 2,250 providers including physicians and advanced care practitioners. Fresenius Medical Care is the majority shareholder in Sound. The company expects Cogent to generate approximately $250M in revenue in 2015 and expects the investment to be accretive to earnings within 18-24 months after closing including the transaction/integration cost and potential synergies. The investment will be financed through available cash. The parties involved agreed not to disclose the financial terms of the acquisition. The parties expect the transaction, which remains subject to regulatory clearance, to close this quarter.
November 10, 2014
15:54 EDTFMSAmerican Society of Nephrology to hold a conference
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