Germany: Compugroup Medical raises €341m to support growth

Germany’s Compugroup Medical has raised €341m (US$383.3m) in a placement of shares to support further growth.

It sold 5.3 million shares at €64 per share in a deal managed by Berenberg and Goldman Sachs. This is a 7.2% discount to the previous close.

“Since CompuGroup Medical was founded it has successfully integrated more than 100 companies. The additional equity shall enable us to further grow organically and, if opportunities arise, continue our successful track record with M&A activities,” said company founder and chief executive Frank Gotthardt.

The company said that net proceeds would be used to gain further financial strength and flexibility in order to exploit attractive growth potentials in connection with the significant opportunities offered by digitisation in the healthcare sector.

Most recently, CompuGroup Medical took over French software provider EPSILOG and, in February, acquired the German and Spanish IT healthcare portfolios of Cerner.