Published on 11 Mar 2024 on Zacks via Yahoo Finance
Fresenius Medical (FMS) Divests Assets to Optimize Portfolio
Fresenius Medical Care AG FMS recently announced the sale of its dialysis clinic networks in Brazil, Colombia, Chile and Ecuador to DaVita Inc. The transactions, subject to regulatory approvals in Brazil, Colombia and Ecuador, represent a milestone in the company’s portfolio optimization program.
The transactions, which are expected to close throughout 2024, are expected to further reduce Fresenius Medical’s clinic footprint in Latin America as this follows its exit from Argentina at the end of 2023.
The latest divestment is expected to significantly boost FMS’ portfolio optimization program and boost its business.