Medicover acquires leading genetics laboratory in Germany (Jan, 2019)

Medicover has signed an agreement to acquire the centre for genetic diagnostics of Dr. Klein, Dr. Rost and colleagues as well as its affiliate IMGM, both located in Martinsried, near Munich, Germany. The laboratory has a strong position within genetic testing, pathology, transfusion medicine, microbiology and virology and will accordingly enhance Medicover’s offering within these areas. The acquisition will as well create a platform for further expansion in southern Germany.

Revenue for the laboratory amounted to around 17 million euro in 2017 with a total number of employees of 160. The transaction is subject to merger control clearance and regulatory approvals with closing expected in January 2019.