Mediq expands German homecare services by acquiring Reininger
International healthcare player Mediq has acquired the majority in Reininger, a leading homecare supplier in the Frankfurt area. The acquisition supports Mediq’s buy & build strategy and strengthens Mediq’s direct-to-patient position in Germany.
Reininger offers a broad range of medical devices and associated care directly to patients, elderly and nursing homes in the field of ostomy, enteral nutrition, wound care, incontinence and tracheostomy. Reininger’s product portfolio seamlessly fits Mediq’s care offering in Germany. The company has facilities in Frankfurt and Kassel and has approximately 210 employees. In 2014 Reininger generated sales of € 21 million.
Arthur de Bok, CEO Mediq: “I’d like to warmly welcome our new colleagues. We’re very pleased as Reininger has a strong presence in the Frankfurt region and strengthens our footprint in the German market. The acquisition supports Mediq’s buy & build strategy to accelerate our international growth ambitions. We look forward to further developing Reininger together.”
Guido Reininger, founder of Reininger AG adds: “The combination of the two companies is a perfect fit and an opportunity to leverage our complementary product portfolios. Reininger will be integrated with assist, a Mediq business unit and a well respected German national player in the homecare market ensuring our customers can continue to rely on the delivery of medical services to their door. Together we will continue our efforts to deliver more affordable healthcare solutions."
Both parties have agreed not to disclose financial details of the transaction. The transaction is subject to normal approval processes, including from the competition authorities.