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24. March 2015, Koblenz

CGM Acquires a Market Leader in Belgium and Strengthens its Market Position in the Belgian Market for Healthcare Software

Koblenz, March 24, 2015: CompuGroup Medical AG (CGM), a leading eHealth company worldwide, yesterday concluded a transaction to acquire 100% of Compufit Bvba (Compufit), a market leader in software for physiotherapists as well as rehabilitation clinics. With this acquisition, CGM will now serve 50% of the physiotherapists as well as 30% of the rehabilitation clinics in Belgium.

CompuGroup Medical acquired 100% of the shares of Compufit based in Ostende / Belgium. The former owner and founder, Mr Rik Lingier, stays on board as a manager. The purchase price, which shall remain confidential as stipulated in the agreement between the two contractual parties, was paid in cash.

Compufit develops software solutions for physiotherapists and rehabilitation clinics in Belgium and is, with its 6,000 customers, number one in these markets in Belgium. Out of 141 Belgians hospitals, which offer rehabilitation, 44 use Compufit’s software product. Additionally, it sells hardware and other products. As of 2014, the total turnover of Compufit was approx. 2 Million EUR and an EBITDA of 0.2 Million EUR.

“Together with our already leading software solution for general practitioners, CGM WinDoc, in Belgium, we are now established as the leading provider in two other key areas with more than 6,000 customers. By combining the strength of CGM Belgium and Compufit we can leverage on synergies and enable a better service environment for our combined customer base”, said Frank Gotthardt, Chief Executive Officer of CompuGroup Medical AG.

About CompuGroup Medical AG
CompuGroup Medical is one of the leading eHealth companies in the world. With a revenue base of approximately EUR 500 million, its software products are designed to support all medical and organizational activities in doctors’ offices, pharmacies, laboratories and hospitals. Its information services for all parties involved in the healthcare system and its web-based personal health records contribute towards safer and more efficient healthcare. CompuGroup Medical’s services are based on a unique customer base of over 400,000 doctors, dentists, hospitals, pharmacies and networks as well as other service providers. With locations in 19 countries and customers in 43 countries worldwide, CompuGroup Medical is the eHealth company with one of the highest coverage among eHealth service providers. Approximately 4,200 highly qualified employees support customers with innovative solutions for the steadily growing demands of the healthcare system.

Contact for media representatives:
CompuGroup Medical AG
Oliver Bruzek
Vice President Political & Public Affairs
T +49 (0) 261 8000-6100
F +49 (0) 261 8000-3100


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