Fresenius to Open New Hospital in Spain

By Euan ConleyFeaturesDow Jones Newswires

Fresenius SE & Co. KGaA (FME.XE) said Wednesday that one of its Spanish subsidiaries will invest around 27 million euros ($31.9 million) in the construction of a new hospital near Madrid.

The German healthcare company said its Quironsalud hospital operator will build the new 11,000-square-meter facility, which will hold 106 beds, in Alcala de Henares. The new hospital is scheduled to open in 2019, it added.

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The company acquired Quironsalud in September 2016 for EUR5.76 billion as part of its first expansion outside Germany.

Write to Euan Conley at euan.conley@dowjones.com

(END) Dow Jones Newswires

December 20, 2017 08:53 ET (13:53 GMT)