German hospital operator Sana Kliniken AG's Chief Executive
Michael Philippi is working on a takeover offer for private
hospital operator Rhoen-Klinikum AG (RHK.XE), manager magazin
reports Friday, citing persons in the financial industry.
Mr. Philippi has already worked out his plans with his
shareholders, about 30 private health insurance companies, the
article cites the financial experts as saying. The insurance
companies are trying to buy Rhoen-Klinikum shares over the counter
and already control around 7% of the capital, the article adds.
A Sana spokeswoman declined to comment to Dow Jones Newswires on
the report.
Mr. Philippi intends to start the takeover process when he gains
access to about 20% of Rhoen-Klinikum stock, according to the
article.
However, Mr. Philippi isn't prepared to pay the 22.50 euros
($29.25) stock price that German health care company Fresenius SE
& Co. KGaA (FRE.XE) offered in July, according to the article,
but would be willing to pay between EUR17.00 and EUR18.00.
Magazine website: http://manager-magazin.de
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