Fresenius Covers All Bases With Akorn Acquisition And Merck Biosimilar Buy

Fresenius is shoring up its near-term US growth prospects by acquiring generics firm Akorn, as well boosting its future outlook by entering the biosimilars space via a deal with Merck KgaA.

German healthcare company Fresenius SE & Co. KGAA has accelerated the pace of its M&A activity since promoting its CFO Stephan Sturm to the CEO role in July last year.

Following its acquisition of Spanish private hospital group Quironsalud for $6.1bn in 2016, it has confirmed it is buying US generics firm Akorn Inc. for $34 per share – around $4.3bn - plus around $450m of Akorn net debt

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