Fresenius Medical Care – Wikipedia

Dialysis Clinic, Inc. - Wikipedia
November 5, 2020 0 Comments

German medical provide and dialysis firm

Fresenius Medical Care AG & Co. KGaA offers kidney dialysis companies via a community of three,994 outpatient dialysis facilities, serving 345,096 sufferers.[3] The corporate primarily treats end-stage renal illness (ESRD), which requires sufferers to bear dialysis 3 occasions per week for the remainder of their lives.

With a worldwide headquarters in Unhealthy Homburg vor der Höhe, Germany and a North American headquarters in Waltham, Massachusetts, it has a 38% market share of the dialysis market in america. It additionally operates 45 manufacturing websites, the biggest of that are within the U.S., Germany, and Japan.[3]

The corporate is 30% owned by Fresenius[4] and, as of 2020, generates round 50% of the group’s income.[5]

The corporate is on the Greatest Employers Listing printed by Forbes.[6]

Historical past[edit]

In 1996, Fresenius SE & Co. KGaA merged its dialysis enterprise into W.R. Grace’s Nationwide Medical Care to kind Fresenius Medical Care.[7]

In 2000, the corporate plead responsible to billing Medicare for pointless medical exams and to paying kickbacks for lab enterprise and paid a $486 million high quality.[8][9][10]

In February 2012, the corporate acquired Liberty Dialysis Holding, which added 201 clinics, for $1.5 billion.[11]

In March 2012, Rice Powell was appointed CEO.[12][13]

In 2013, the corporate acquired Shiel Medical Laboratory, increasing companies to New York Metropolis metro space. In December 2017, the corporate bought this enterprise to Quest Diagnostics.[14]

In February 2019, the corporate acquired NxStage, a U.S.-based maker of in-home dialysis gadgets, for $2 billion.[15][16]

In March 2019, the corporate paid $231 million to america Division of Justice and the U.S. Securities and Change Fee to settle allegations of civil bribery to acquire enterprise in Angola, Saudi Arabia, Morocco, and Spain.[17]

References[edit]

  1. ^ “Firm Profile”. Retrieved January 13, 2020.
  2. ^ “SEC submitting Kind 20-F”. U.S. Securities and Change Fee. 25 February 2019.
  3. ^ a b c “Annual Report 2019” (PDF). Fresenius Medical Care.
  4. ^ “Shareholder construction”. Fresenius Medical Care.
  5. ^ Zuzanna Szymanska (February 20, 2020), Fresenius forecasts 2020 revenue development pushed by drug, dialysis models Reuters.
  6. ^ “Fresenius Medical Care”. Forbes.
  7. ^ “Historical past – Fresenius”.
  8. ^ “Fresenius Unit to Pay $486 Million In Medicare Fraud Settlement”. The Wall Road Journal. January 20, 2000.
  9. ^ Vise, David A.; Adams, Lorraine (January 19, 2000). “Agency Settles Well being Care Fraud Case for $500 Million”. The Washington Submit.
  10. ^ HELDMAN, PAUL (January 20, 2000). “FIRM TO PAY $486M FRAUD SETTLEMENT”. Solar-Sentinel. Bloomberg Information.
  11. ^ “Fresenius Medical Care Closes Acquisition of Liberty Dialysis Holdings” (Press launch). Fresenius Medical Care. February 29, 2012.
  12. ^ Munzinger Archive. “Rice Powell”.
  13. ^ Hallam, Kristen (March 9, 2012). “Fresenius Medical appoints Powell to grow to be CEO as Lipps retires”. Bloomberg L.P.
  14. ^ “Fresenius Medical Care closes divestment of Shiel Medical Laboratory to Quest Diagnostics” (Press launch). Fresenius Medical Care. December 12, 2017.
  15. ^ “Fresenius Medical Care completes acquisition of NxStage Medical” (Press launch). PR Newswire. February 26, 2019.
  16. ^ BANNOW, TARA (February 26, 2019). “Fresenius Medical Care closes $2 billion NxStage acquisition”. Fashionable Healthcare.
  17. ^ Lynch, Sarah N.; Raymond, Nate (March 29, 2019). “Fresenius Medical Care to pay $231 million to resolve felony, civil international bribery expenses”. Reuters.

Exterior hyperlinks[edit]


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