July 31, 2019 / 8:32 AM / 19 days ago

Italy's CIR healthcare unit to buy Germany's Charleston

(Reuters) - Italian holding company CIR’s (CIRX.MI) healthcare unit KOS has signed an agreement to buy 100% of German nursing home company Charleston for 90 million euros (£82.2 million), CIR said on Wednesday.

CIR said that the acquisition, which will increase KOS’s managed facilities to 132 from 85, is a first step towards a potential expansion in the German market.

KOS will fund the acquisition, which it expects to close by the end of October, with credit lines already available to the company.

Reporting by Silvia Recchhimuzzi in Gdynia; editing by Valentina Za

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below