Tuesday, June 18, 2019
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Fresenius addresses prospective clients for transfusion

Fresenius has approached potential buyers about his blood transfusion business. The medical company had commissioned for a possible sale, the investment bank Goldman Sachs, the F.A.Z. from circles that are familiar with addressing potential prospects. If it were for sale, Fresenius would use it to turn back a takeover that was only made in 2012.

Klaus Max Smolka

For the equivalent of 900 million to 1 billion euros, the Bad Homburg Dax Group had then acquired the American supplier Fenwal: The makes up a large part of the business now in the pipeline. Fresenius has been considered the world's largest provider of blood transfusion technology since the Fenwal acquisition. The acquisition is one of the Fresenius acquisitions that have long been viewed with skepticism by critical group insiders (F.A.Z., January 17, 2018).

The approach of interested parties and the selection of an investment bank show that Fresenius is now specifically exploring a sale – after the CEO Stephan Sturm months ago has made any hints about the future of the division. In the February financial statement, he said that Fresenius wanted to think about its "strategic options." This also includes the intra-group transfusion of blood transfusions: combining them with an adjoining business ("apheresis") of the Fresenius subsidiary Fresenius Medical Care (FMC). Likewise, joint ventures are possible. Often, however, selling is the preferred solution when a company is considering "strategic options."

Business belongs to the Fresenius division Kabi

Major competitors in this business are Haemonetics, Macopharma and Terumo. As a buyer not only suppliers of the industry in question, but also private equity houses. Such have also been addressed. Fresenius and Goldman Sachs declined to comment.

. (tagsToTranslate) Stephan Sturm (t) Fresenius SE (t) ISIN_DE0005785604 (t) Fenwal (t) Goldman Sachs (t) ISIN_US38141G1040 (t) F.A.Z.


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