Columbia: Fresenius makes another acquisition in Columbia

Quirónsalud, the largest private hospital group in Spain and part of Fresenius Helios, has made another acquisition in Columbia making it one of the country’s largest private hospital operators in the country.

It has signed an agreement to acquire Centro Médico Imbanaco (CMI) in Cali, the biggest city in southwestern Colombia, for €300m (US$336m).

CMI offers a comprehensive range of medical specialties and services. The hospital has about 350 beds, 17 operating rooms and 250 consultation rooms, and generated sales of €130m in 2018.

In September it bought Clínica Las Vegas and Clínica del Prado in Medellín and in November, it acquired diagnostics group CediMed for €40m.

The transaction is expected to close in the first quarter of 2020, pending anti-trust clearance.