- 21.12.2010, 14:47:19
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- 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 Sharestockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, regulated dealing: München
language: English
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