Mediq completes acquisition Reininger in Germany
German authorities have approved Mediq’s acquisition of 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.
Mediq announced the acquisition in a press release on 2 July 2015. Both parties have agreed not to disclose financial details of the transaction.