• 21.12.2010, 14:47:19
  • /
  • OTS0199 OTW0199

EANS-Adhoc: Kräutergarten Group acquires Vienna-based senior care facility from Curanum AG

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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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21.12.2010

Curanum AG and Kräutergarten Betriebs- und Beteiligungsgesellschaft mbH have
today signed a purchase agreement whereby the "Armbrustergasse" senior care
facility in Vienna will be sold to the Kräutergarten Group with effect as of
December 31, 2010 / January 1, 2011. "With this step we aim to further expand
the good positioning of the Kräutergarten Group within Vienna thanks to this
care facility's attractive location," commented Harald Fischl, Managing
Director of Kräutergarten Betriebs- und Beteiligungsgesellschaft mbH. Around
130 occupants currently live at the "Armbrustergasse" care facility. "At
Curanum, we aim to concentrate in the future on our core German business, and
we are pleased that, in the Kräutergarten Group, we have found a strong partner
who should be successful in implementing sustainable improvements to both the
cost structures and the services for occupants through the local association of

facilities  that  it  owns,"  commented   Walther   Wever,   Curanum   AG   CEO.
Confidentiality has been agreed between the contractual partners concerning  the
purchase price and other general terms of the  agreement.  The  closing  of  the
agreement is planned to occur during the course of the  first  quarter  of  2011
once corresponding third-party declarations have been submitted.

Munich / Vienna, December 21, 2010

The Management Board

Further inquiry note:
Walther Wever
CEO
Tel.: +49 (0)89-242065-0
end of announcement euro adhoc
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issuer:      CURANUM AG
             Engelbertstraße 23-25
             D-81241 München
phone:       +49 (0)89 242065 0
FAX:         +49 (0) 89 242065 10
mail:        [email protected]
WWW:         http://www.curanum.de
sector:      Healthcare Providers
ISIN:        DE0005240709
indexes:     CDAX, Classic All Share, Prime All Share

stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, regulated dealing: München
language: English

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