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13 May 2024
press release
austria

Austria: Schoenherr advises on sale of further parts of the VAMED business

Schoenherr advised the seller on the sale of further parts of the VAMED business to an Austrian buyer consortium consisting of the construction companies Porr and Strabag. The transaction includes the Vamed units responsible for the technical management of the Vienna General Hospital (AKH Vienna), the Austrian project business of the Health Tech Engineering segment, and shares in several thermal spas in Austria.

The VAMED Group is part of the Fresenius Group, a German listed medical technology and healthcare group and one of the largest private hospital operators in Germany. VAMED itself is a leading global provider of healthcare services for hospitals and other healthcare facilities. Its services range from the development and planning of infrastructure projects in the healthcare sector, including turnkey construction, maintenance and the overall technical, commercial and infrastructural management of healthcare facilities, through to patient care.

Schoenherr advised on all corporate/M&A aspects of this transaction in Austria (lead in negotiating the transaction documentation: Latham & Watkins Germany). The Schoenherr team was led by Sascha Hödl (partner) and further consisted of Zurab Simonishvili (attorney at law), Joseph Moser (attorney at law) and Gabriel Ebner (attorney at law). Marco Thorbauer (partner) advised on tax law related matters.