Quirónsalud is Spain’s largest private hospital operator. Its network is comprised of 43 hospitals, 39 outpatient centers and around 300 occupational risk prevention centers located throughout Spain, and has about 35,000 employees.

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Fresenius and its subsidiary Helios Kliniken on the acquisition of Quirónsalud from CVC Capital Partners (‘CVC’), for a purchase price on a debt and cash free basis of EUR 5.76 billion.

Quirónsalud is Spain’s largest private hospital operator. Its network is comprised of 43 hospitals, 39 outpatient centers and around 300 occupational risk prevention centers located throughout Spain, and has about 35,000 employees. 

Quirónsalud was created by the merger of IDC Salud and Grupo Hospitalario Quirón, after its acquisition in 2014. The combination of Quirónsalud and Helios Kliniken, the leading private hospital operator in Germany, will result in the largest European hospital operator and the second largest player worldwide. The transaction is subject to antitrust approvals and is expected to be completed in Q4 2016 or Q1 2017.

Freshfields legal advice on the transaction, involving an cross-practice team of international lawyers based in London, Frankfurt and Berlin, has been led in Spain by the corporate partner, Javier Monzón, together with partner Silvia Paternain and counsel Bosco Montejo, who advised on the tax aspects of the transaction.