Fresenius Steps Up International Ambition Through Akorn Pursuit

German healthcare company Fresenius SE & Co. pursues a second major international deal in less than year, as new CEO confirms interest in US generics firm Akorn.

Following on from its acquisition of Spanish private hospital group Quironsalud for $6.1bn in 2016, Fresenius SE & Co. KGAA is in talks to acquire US company Akorn Inc.; the generics firm is currently valued at around $3.7bn, which includes an 18% premium following a share price surge when news of the discussions broke. Akorn generated around $1.1bn in sales in 2016.

Fresenius promoted its CFO Stephan Sturm to the CEO role in July last year.

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