Shearman And Sterling

News Mar 04, 2020

BNP Paribas’s Financing of the Takeover Offer to the Shareholders of RHÖN-KLINIKUM by Asklepios Kliniken

Shearman & Sterling advised BNP Paribas on the financing of the acquisition of shares in RHÖN-KLINIKUM AG (RHÖN-KLINIKUM) and of the announced takeover offer by Asklepios Kliniken GmbH & Co. KGaA (Asklepios).

Both Asklepios and RHÖN-KLINIKUM are private hospital operators that run healthcare facilities across Germany. Asklepios has been one of the main shareholders of RHÖN-KLINIKUM since 2012. As a leading operator of healthcare facilities in Germany, Asklepios consolidated large regional structures over the past decades. With its campus concept, RHÖN-KLINIKUM established a forward-looking model project for integrated and digitally networked healthcare services. Together, complementary know-how will be bundled under one roof and the economic benefits of digitalization will be promoted.

The shares in RHÖN-KLINIKUM held by the Münch family and Asklepios will be pooled in a newly established joint venture company. Furthermore, Asklepios has announced a voluntary public takeover offer to the shareholders of RHÖN-KLINIKUM. RHÖN-KLINIKUM shares acquired as part of the takeover offer will also be contributed to the joint venture.

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