CompuGroup Medical
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Investor Relations

CompuGroup Medical completes acquisition of parts of Cerner's European hospital information system business 

July 1, 2020

CompuGroup Medical SE & Co. KGaA (CGM) has acquired parts of Cerner's business in Germany and Spain. The transaction was announced in February and was completed today. The acquired parts of the company will be fully included in the group consolidation as of July 1st, 2020. CGM expects the acquired business activities to deliver a contribution to revenues and EBITDA in the second half of fiscal year 2020 above same period of prior year, including initial synergy effects. For the entire year 2019, revenues of the acquired business area were approximately EUR 74 million, and the EBITDA was at approx. EUR 13 million. Now that the transaction is complete, CGM's portfolio includes medico®, Soarian Health Archive® (S-HA) and Soarian® Integrated Care (S-IC), which are leading hospital information systems (HIS) in Germany as well as Selene®, a leading HIS in Spain. As a result, Koblenz-based CGM, one of the largest providers of eHealth solutions worldwide, assumes a leading position in the European HIS market. Via combination with existing solutions, in particular through better connectivity, additional value will be created for health professionals and patients.

"With the successful completion of this transaction, we expand our customer base for hospital information systems by more than 300 additional facilities, making us number 2 in Germany and one of the leading providers in public hospitals in Spain," explains Hannes Reichl, Managing Director Hospital Information Systems at CGM. "The combination of medico and Selene with CGM's connectivity services and the innovative CGM CLINICAL modules enables us to create significant, long-term added value for our customers. Medico and Selene customers will still be in the best hands with us in the future. We will continue to offer them their familiar software solutions and our effective service, whilst simultaneously connectivity with the other sectors in healthcare is strengthened – an important step towards universal digital support of the so-called patient journey, i.e. the accompaniment of health care throughout all stages of treatment."

As a result of the takeover, around 1.5 million users, including doctors in medical practices and hospitals, dentists, pharmacists, nursing staff and many other healthcare professionals in outpatient and inpatient healthcare facilities, now rely on solutions from CompuGroup Medical. This enables comfortable, coordinated processes between the different parties involved in patient treatment.

Frank Gotthardt, Founder and CEO of CGM, emphasizes: "The over 300 additional facilities that can do their important job of helping people even better thanks to intelligent digital technologies, are a good sign for the healthcare system and for everyone. We warmly welcome our approximately 300 new colleagues that bring along valuable specialist and expert knowledge. Around 6,100 employees in 18 countries are now continuously working to make our vision come true: Nobody should suffer or die just because medical information is missing somewhere at some point."

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