- 31.08.2010, 03:56:20
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- OTS0003 OTW0003
EANS-Adhoc: CompuGroup Medical AG expands in US Market
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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31.08.2010
Koblenz: Today, CompuGroup Medical AG has entered into an agreement for the
purchase of 100% of the shares in American Healthcare Holdings, Inc., Visionary
Medical Systems, INC. and Visionary RCM, INC. ("Visionary Healthware Group").
Visionary Healthware Group is a provider of practice management software and
electronic health records to approximately 10,000 office-based doctors in USA,
and also a vendor of laboratory information systems and revenue cycle management
services. Total sales in 2009 were about $28.0 million and EBITDA was about $6.2
million.
The payment for all debt and equity in the entities acquired is expected to
total $44 million in cash plus an additional variable consideration over the
next 2 years of up to $21 million depending primarily on the continued growth in
number of users. The initial purchase price will be financed through cash at
hand and new long-term debt. The shares of Visionary Healthware Group will be
held by CompuGROUP Holding USA, Inc., a wholly-owned entity of CompuGroup
Medical AG. The closing of the transaction is scheduled for September 1st 2010
End of Ad-hoc announcement
Further inquiry note:
Ralf Glass
Vicepresident CEO support
T +49 (0) 160 3630315
E-Mail: [email protected]
end of announcement euro adhoc
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issuer: CompuGroup Medical AG
Maria Trost 21
D-56070 Koblenz
phone: +49 (0) 261 8000-0
FAX: +49 (0) 261 8000-1166
mail: [email protected]
WWW: www.cgm.com
sector: Software
ISIN: DE0005437305
indexes:stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English
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