Rhön Clinic

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Rhön-Klinikum AG

logo
legal form Corporation
ISIN DE0007042301
founding 1973
Seat Bad Neustadt an der Saale , Germany
GermanyGermany 
management
  • Gunther K. Weiss, Chief Operating Officer
  • Bernd Griewing, Chief Medical Officer
  • Eugen Münch, chairman of the supervisory board
Number of employees 18,142
sales 1.304 billion euros (2019)
Branch Clinic group
Website www.rhoen-klinikum-ag.com
As of July 21, 2020

The Rhoen-Klinikum AG , headquartered in Bad Neustadt an der Saale is a private listed operator of hospitals , clinics and medical care centers (MVZ). In 2019, the company generated sales of EUR 1.30 billion and a profit of EUR 44.48 million.

history

The forerunner of the company was the Kurbetriebs- und Verwaltungsgesellschaft mbH, founded in 1970, from which the Rhön-Klinikum GmbH emerged in 1973. The company consisted of the newly built spa and therapy center in Bad Neustadt an der Saale, the four 14-storey houses of which were exclusively equipped with single apartments. Due to a lack of demand, the house was very oversized, so that the company was threatened with bankruptcy after investing 130 million DM. The business economist Eugen Münch , who was brought in as a restructuring engineer, took over sole management in 1974 and acquired a 25% stake in the GmbH. In 1975 he opened a psychosomatic clinic in order to fully utilize the apartments and two years later initiated a non-profit training project for the further training of emigrants. In 1984 Münch reacted to bottlenecks in the field of cardiac surgery and established a cardiovascular clinic. This was followed by a neurological clinic (1991) and a hand surgery clinic (1992). When planning the clinics, the core business - operating theaters and intensive care units - was established in new buildings and the four buildings were used as wards. The single apartments were converted into twin rooms.

The GmbH was converted into a stock corporation in 1988 and was the first company in the industry to be listed on the Frankfurt Stock Exchange on November 27, 1989. This made the Rhön-Klinikum the first listed clinic group in Germany; the company's shares were listed in the MDAX between 1996 and 2016 , and subsequently in the SDAX until July 2020 .

With the takeover of the Central Clinic Bad Berka (Thuringia), the expansion of the Rhön Clinic beyond the previous location in Bad Neustadt began. The clinic was established in 1898 with the establishment of the “Sophienheilstätte”. It has belonged to the Rhön Clinic since 1990 and is the largest employer in the Weimarer Land district with around 1,700 employees. According to the main owner's annual reports, the Zentralklinik Bad Berka GmbH achieves an average net annual profit of around 20 to 25 million euros. The hospital is the academic teaching hospital of the University of Jena. In 1993 an addiction clinic opened in Leipzig. In the following years, Rhön-Klinikum took over other clinics across Germany or opened them.

At the time of the Rhön-Klinikum IPO, the company had 670 employees and generated sales of 50 million euros. In July 2006 more than 30,000 people were employed, the turnover in the first half of 2006 was 938 million euros. The company made a profit of 88.3 million euros in 2005.

In the years that followed, the company expanded primarily by taking over public houses. Münch's goal was to gain a market share of eight to ten percent in Germany in the long term . However, in March 2005 the Federal Cartel Office prohibited the takeover of the hospitals in Bad Neustadt ad Saale and Mellrichstadt because of the company's dominant position in the region.

Rhön-Klinikum AG is a co-partner of the transparency initiative Qualitätskliniken.de, which was founded in 2010 . The public mapping of quality data is intended to support both patients and medical professionals in finding suitable hospitals and being able to compare individual facilities independently of the carrier. In addition, Rhön-Klinikum AG has been one of the initiators of the rehabilitation portal on the same website since 2013, where patients, relatives and referring doctors or payers are informed about the services and quality indicators of rehabilitation clinics.

In April 2012, the health group Fresenius announced that it would buy the Rhön clinics and merge them with their own clinic company, Helios . The takeover did not materialize because Fresenius failed to acquire 90 percent of the shares plus one additional share. At the end of the deadline for the tendering of the shares, the competitor Asklepios Kliniken acquired a little over 5 percent of the shares and thus prevented the merger of the two companies. In August 2012, the Rhön clinics announced that the pharmaceutical and medical supplies manufacturer B. Braun Melsungen had also acquired 5 percent of the shares. In September 2012, Fresenius announced that it would not submit a further takeover offer.

In September 2012 it was announced that CEO Wolfgang Pföhler and the CFO would leave the company after disagreements. Pföhler's successor was Martin Siebert from January 2013 to January 2017 .

In March 2013, the Federal Cartel Office approved Asklepios' stake in Rhön subject to certain conditions. Asklepios wants to increase its stake from the current 5.01 to 10.1 percent of the Rhön shares and registered its plan with the Cartel Office in August 2012. The planned increase in the stake in Rhön enables Asklepios to obtain a right of veto and a takeover of Rhön by another competitor could thus be permanently blocked. In accordance with the requirements, Asklepios must first part with a clinic and a medical care center (MVZ) in the Goslar area. In September 2013, the sale of 43 clinics and 15 medical care centers to Fresenius for a purchase price of EUR 3.07 billion was announced, which is subject to antitrust approval and, in individual cases, the approval of former municipal owners or current minority shareholders. The basis of the 'new Rhön' will be the locations in Bad Berka, Bad Neustadt ad Saale, Frankfurt (Oder) and the university clinics in Gießen and Marburg with around 5,300 beds. The planned sale was later reduced to 40 hospitals and 13 medical supply centers and approved by the Federal Cartel Office after the transfer of two former Helios clinics in the Leipzig region , the clinics in Borna and Zwenkau , to a company owned by Eugen Münch . On November 11, 2013, a spokesman for the clinic group announced that around 130 to 150 of the 220 jobs at the Group's headquarters in Bad Neustadt had been cut.

On December 6, 2018, the first Rhön-Klinikum Bad Neustadt campus was opened together with Prime Minister Markus Söder .

Ownership structure

proportion of Shareholders
93.38% Asklepios Kliniken GmbH & Co. KGaA
5.21% Landeskrankenhilfe VVaG

As of July 25, 2020

On April 27, 2020, Asklepios submitted its plan to acquire control of and up to 100% of the shares in Rhön Klinikum AG to the Federal Cartel Office for examination.

Corporate management

The company's management board currently (as of November 2017) consists of three people, with Stephan Holzinger as its chairman. The supervisory board consists of sixteen members and is led by Eugen Münch . To him belong u. a. Georg Schulze-Ziehaus, head of the state district department ver.di Hessen, and Brigitte Mohn . From 1996 to 2002 Karl-Theodor zu Guttenberg was a member of the Supervisory Board. His family held 26.5 percent of the common stock . In March 2002 the shares were sold to HypoVereinsbank for 260 million euros .

Within the company, the individual hospitals are privately run as GmbH or stock corporations.

Clinics and MVZ of the Rhön-Klinikum AG

Bavaria

In the background the Frankenklinik in Bad Neustadt an der Saale
  • Adaptation facility “Maria Stern”, Bad Neustadt an der Saale
  • Frankenklinik, Bad Neustadt an der Saale
  • MVZ Bad Neustadt
  • Neurological Clinic, Bad Neustadt an der Saale
  • Rhön-Klinikum AG, Bad Neustadt an der Saale
  • Saaletalklinik, Bad Neustadt an der Saale
  • Neumühle Clinic, Hollstadt

Brandenburg

Hesse

Thuringia

Central Clinic Bad Berka

Varia

The management of the Meyer'sche Häuser housing company had planned to build another housing estate in Leipzig in due course and bought plenty of land in Probstheida as a precautionary measure . In 1991, at the insistence of the city of Leipzig, this land was sold “below market value” (quote: Dieter Pommer, member of the Board of Trustees, May 26, 2020) to the Rhön Clinic, which built the Leipzig Heart Center (now part of the Helios Clinics ) there.

Web links

Individual evidence

  1. a b c Annual Report 2019 , (PDF) Retrieved July 11, 2020
  2. Medical care centers of the Rhön-Klinikum AG ( Memento of the original from February 3, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. ; Retrieved July 18, 2010. @1@ 2Template: Webachiv / IABot / www.rhoen-klinikum-ag.com
  3. Rhön Clinic wants to expand further. In: Oberhessische Presse , July 20, 2006.
  4. ^ Growth group Rhön-Klinikum - Clinic of the future, article at br-online.de ( Memento from October 19, 2006 in the Internet Archive ).
  5. Press release Bundeskartellamt: "Bundeskartellamt prohibits fusion Rhön-Klinik" dated March 29, 2005 ( memento of the original dated May 24, 2007 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. . @1@ 2Template: Webachiv / IABot / www.bundeskartellamt.de
  6. About us . In: quality clinics . April 25, 2018 ( qualitaetskliniken.de [accessed May 23, 2018]).
  7. ^ Rhön takeover by Fresenius: Clinic group forges health giants . In: Spiegel Online . April 26, 2012 ( spiegel.de [accessed April 9, 2019]).
  8. RP ONLINE: Fresenius takes over Rhön hospital chain: Hospital merger meets with criticism. Retrieved April 9, 2019 .
  9. Markus Walchshofer: Consolidation case study using the example of Fresenius / Rhön . Ed .: Christian Timmreck. Kohlhammer Verlag, Stuttgart 2016, ISBN 978-3-17-029739-5 , pp. 373-395 .
  10. Failed takeover. Fresenius and Rhön-Klinikum suffer together. In: Handelsblatt.de. June 30, 2012, Retrieved July 4, 2012 .
  11. RHÖN-KLINIKUM AG: Release according to Article 26, Section 1 of the WpHG with the aim of Europe-wide distribution .
  12. Press release of September 3, 2012 ( Memento of the original of September 5, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. . @1@ 2Template: Webachiv / IABot / www.fresenius.de
  13. ^ Deutscher Ärzteverlag GmbH, editorial office of Deutsches Ärzteblatt: Rhön-Klinikum AG: CEO Wolfgang Pföhler leaves the group. September 28, 2012, accessed April 9, 2019 .
  14. Difficult start for Siebert. Retrieved April 9, 2019 .
  15. JUVE - www.juve.de: Rhön-Klinikum: Cartel Office allows participation by Commeo client Asklepios «JUVE. Retrieved August 26, 2018 .
  16. Press release of September 13, 2013 ( Memento of the original of September 16, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. . @1@ 2Template: Webachiv / IABot / www.rhoen-klinikum-ag.com
  17. ↑ The Federal Cartel Office approves the acquisition of 40 clinics and 13 medical supply centers of the Rhön-Klinikum AG by Helios Kliniken (Fresenius) ( memento of the original from February 27, 2014 in the Internet Archive ) Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , Federal Cartel Office February 20, 2014. @1@ 2Template: Webachiv / IABot / www.bundeskartellamt.de
  18. RHÖN-KLINIKUM AG: RHÖN-KLINIKUM AG celebrates the inauguration of the new Bad Neustadt campus - the future care model for rural areas. In: www.rhoen-klinikum-ag.com. RHÖN-KLINIKUM AG, December 7, 2018, accessed on April 5, 2019 .
  19. Shareholder structure. Retrieved January 9, 2019 .
  20. Bundeskartellamt - Ongoing proceedings (file number B3-70 / 20). In: bundeskartellamt.de. April 27, 2020, accessed April 28, 2020 .
  21. Stephan Holzinger takes over as CEO of RHÖN-KLINIKUM AG - Rhön-Klinikum AG. Retrieved February 7, 2017 .
  22. aerztezeitung.de of February 11, 2009.
  23. The new minister is a millionaire . In: Bild.de , February 11, 2009. Retrieved February 20, 2011. 
  24. Anna Trömel: Guttenberg family surrenders all of their shares: Hypovereinsbank is involved in Rhön Klinikum . In: Handelsblatt . March 13, 2002. Retrieved February 20, 2011.
  25. Meyer'sche Homes Foundation in Leipzig is 120 years old. In: LVZ online portal. May 25, 2020, accessed June 14, 2020 .