Fresenius Medical sells U.S. Sound Inpatient for $2.15 billion

in story •  7 years ago 

BERLIN (Reuters) - German dialysis specialist Fresenius Medical Care <FMEG.DE> is selling its majority shareholding in Sound Inpatient Physicians Holdings for $2.15 billion euros, it said on Saturday.

The deal, expected to close in late 2018, will bring a pretax book gain of about 800 million euros ($983 million) for the German company.

Sound Inpatient is being bought by an investment consortium led by private equity firm Summit Partners.

(Reporting by Victoria Bryan; Editing by Alexander Smith)

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