Fresenius Medical Care

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Fresenius Medical Care AG & Co. KGaA

logo
legal form AG & Co. KGaA
ISIN DE0005785802
founding 1996
Seat Hof an der Saale Germany
GermanyGermany 
management Rice Powell ,
CEO
Dieter Schenk, Chairman of the Supervisory Board
Number of employees 120,659
sales 17.48 billion euros (2019)
Branch Medical technology
Website freseniusmedicalcare.com
As of December 31, 2019

Older company logo
The high-bay warehouse in the Biebesheim am Rhein distribution center with 55,000 storage spaces for Euro pallets during the construction phase.

The Fresenius Medical Care AG & Co. KGaA legally established in Hof (Saale) and operating headquarters in Bad Homburg is a leading German provider of dialysis products and dialysis care for the over life-saving treatment for people with chronic and acute renal failure .

history

Fresenius Medical Care AG was created on August 5, 1996 through the conversion of the shelf company Sterilpharma GmbH, founded in 1975, into a stock corporation . At that time, what was then Fresenius AG took over the world's largest operator of dialysis clinics, National Medical Care from the USA , and brought it into Fresenius Medical Care AG with its own dialysis technology division.

On April 21, 2005, Fresenius Medical Care took over the Canadian company Haemotec, a manufacturer of concentrates for hemodialysis .

On May 4, 2005, Fresenius Medical Care announced that it would take over competitor Renal Care Group for US $ 3.5 billion . The acquisition was completed on March 31, 2006, subject to the conditions imposed by the US antitrust authorities.

On August 30, 2005, the Management Board and the Supervisory Board of Fresenius Medical Care AG proposed to the shareholders to convert the legal form from a stock corporation to a partnership limited by shares . This was carried out on February 10, 2006 following the approval of the shareholders.

On October 12, 2006, Fresenius Medical Care took over the phosphate binder division of Nabi Biopharmaceuticals and successfully completed the takeover on November 15, 2006.

On January 9, 2007, the company acquired a majority stake of 51 percent in the Taiwanese dialysis service provider Jiate Excelsior, making it the leading dialysis provider in Asia .

On November 29, 2007, Fresenius Medical Care acquired Renal Solutions, a home hemodialysis provider, for $ 190 million, of which $ 100 million was paid upon completion.

On June 30, 2010 Kraevoy Nefrologicheskiy Centr, a Russian operator of dialysis clinics, was taken over.

The acquisition of Gambro's peritoneal dialysis business was announced on August 26, 2010 and completed on December 27, 2010.

The dialysis services business was taken over by Euromedic on January 4, 2011 for 485 million euros. The acquisition was completed on July 1, 2011.

On December 1, 2011, Fresenius Medical Care took over all eight privately run dialysis clinics in Ecuador .

On February 29, 2012, the company acquired the US holding company Liberty Dialysis Holdings , which includes the two American companies Liberty Dialysis and Renal Advantage , for 1.7 billion dollars (1.31 billion euros) subject to conditions.

On February 26, 2019, the company announced the completion of the acquisition of NxStage Medical, Inc., following approval from US antitrust authorities.

German locations

The major German production locations include the Schweinfurt plant in Bavaria and the St. Wendel plant in Saarland. In the Schweinfurt plant, which opened in 1979, around 1200 employees manufacture dialysis machines; in the St. Wendel plant, which opened in 1974, around 1700 employees manufacture dialyzers and solutions for peritoneal dialysis. The legal seat of Fresenius Medical Care has been in Hof an der Saale since it was founded , but the operative seat is in Bad Homburg vor der Höhe . No employees are employed in Hof.

Conflicts

As the successor in title to Grace, the parent company of National Medical Care, Fresenius Medical Care paid US $ 115 million in damages for asbestos-related claims and back tax claims against W. R. Grace .

In the course of these legal disputes, it was alleged that the combination of National Medical Care and the dialysis division of Fresenius was fraudulent in order to get rid of Grace's liabilities (FMC Annual Report 2004, page 71).

share

The company's shares have been traded on the New York Stock Exchange since October 1, 1996 and on the Frankfurt Stock Exchange since October 2, 1996 . The company has been a member of the DAX since September 20, 1999 . The largest single shareholder at the end of 2017 is Fresenius SE & Co. KGaA , which holds 30.6 percent of the capital. The rest of the shares are in free float .

Products

The company offers a wide range of products for chronic and acute hemodialysis as well as for peritoneal dialysis . This includes hemodialysis machines, dialyzers, dialysis solutions and other single-use products.

See also

  • Jörg Vienken (* 1948), biomedical scientist, research director at Fresenius Medical Care
  • In 2005 Fresenius Medical Care received the German Business Innovation Prize for the development of the 5008 dialysis system.

Web links

Individual evidence

  1. ↑ Imprint , accessed on June 20, 2020
  2. ↑ a b Annual Report 2019 , accessed on March 25, 2020
  3. ↑ Stephen Wolf: Biebesheim: Central warehouse in the heart of Europe. In: fr-online.de . October 3, 2008, accessed December 19, 2014 .
  4. ↑ Conversion report into a KGaA. (PDF) Fresenius Medical Care AG & Co. KGaA, 2005, p. 10 , archived from the original on February 22, 2014 ; accessed on February 17, 2014 .
  5. ↑ Fresenius Medical Care expands in Canada. (PDF; 64 kB) Fresenius Medical Care AG & Co. KGaA, April 22, 2005, accessed on July 22, 2017 .
  6. ↑ Fresenius Medical Care takes over Renal Care Group, Inc. In: presseportal.de. Fresenius Medical Care AG & Co. KGaA, May 4, 2005, accessed on July 22, 2017 .
  7. ↑ Fresenius Medical Care completes acquisition of Renal Care Group. (PDF; 70 kB) In: pressebox.de. Fresenius Medical Care AG & Co. KGaA, March 31, 2006, accessed on July 22, 2017 .
  8. ↑ Annual Report 2007, Section 2: CHANGE OF LEGAL FORM AND CONVERSION OF PREFERRED SHARES. Fresenius Medical Care AG & Co. KGaA, 2007, archived from the original on February 22, 2014 ; accessed on February 17, 2014 .
  9. ↑ Fresenius Medical Care acquires phosphate binder business from Nabi Biopharmaceuticals. (PDF; 29 kB) In: pressebox.de. Fresenius Medical Care AG & Co. KGaA, October 12, 2006, accessed on July 22, 2017 .
  10. ↑ Fresenius Medical Care completes acquisition of phosphate binder business from Nabi Biopharmaceuticals. (PDF; 25 kB) In: pressebox.de. Fresenius Medical Care AG & Co. KGaA, November 15, 2006, accessed on July 22, 2017 .
  11. ↑ Fresenius Medical Care becomes the leading dialysis provider in Asia through takeover in Taiwan. (PDF; 29 kB) In: pressebox.de. Fresenius Medical Care AG & Co. KGaA, January 9, 2007, accessed on July 22, 2017 .
  12. ↑ Fresenius Medical Care acquires Renal Solutions, Inc. In: pressebox.de. Fresenius Medical Care AG & Co. KGaA, November 29, 2007, accessed on July 22, 2017 .
  13. ↑ Fresenius Medical Care expands dialysis service business in Russia. Fresenius Medical Care AG & Co. KGaA, June 30, 2010, accessed on July 21, 2017 .
  14. ↑ Fresenius Medical Care takes over Gambro's peritoneal dialysis business. Fresenius Medical Care AG & Co. KGaA, August 26, 2010, accessed on July 22, 2017 .
  15. ↑ Fresenius Medical Care completes acquisition of Gambro's peritoneal dialysis business. Fresenius Medical Care AG & Co. KGaA, December 27, 2010, accessed on July 22, 2017 .
  16. ↑ Fresenius Medical Care takes over dialysis services business from Euromedic. Fresenius Medical Care AG & Co. KGaA, January 4, 2011, accessed on July 22, 2017 .
  17. ↑ Fresenius Medical Care completes acquisition of dialysis services business from Euromedic. Fresenius Medical Care AG & Co. KGaA, July 1, 2011, accessed on July 22, 2017 .
  18. ↑ Fresenius Medical Care enters the dialysis service business in Ecuador. Fresenius Medical Care AG & Co. KGaA, December 22, 2011, accessed on July 22, 2017 .
  19. ^ Georg Giersberg: Germany exports its companies. In: FAZ.net . July 23, 2012, accessed December 19, 2014 .
  20. ↑ dpa: Fresenius Medical Care completes takeover of NxStage. In: Handelsblatt . February 26, 2019, accessed March 25, 2020 .
  21. ^ Statement by a Fresenius employee on the discussion page of the article
  22. ↑ fresenius.de: Press release FMC February 12, 2003 (PDF; 83 kB)
  23. ↑ Details on the share. In: Fresenius Medical Care website. Fresenius Medical Care AG & Co. KGaA, accessed on August 28, 2018 .
  24. ↑ Shareholder structure. Fresenius Medical Care, accessed December 11, 2018 .