CompuGroup Medical, a German healthcare software provider, announced on Sunday that it is in advanced discussions to be acquired by private equity firm CVC Capital Partners for €22 ($23.24) per share in a deal that would value the business at approximately €1.14bn, according to a report by Bloomberg.
Under the terms of the proposed agreement, the founding Gotthardt family, which holds a major stake in the company, would retain a controlling 50.1% stake through a strategic partnership with CVC, CompuGroup stated. The company’s shares would eventually be delisted following the deal.
CompuGroup, headquartered in Koblenz, Germany, has faced significant challenges this year. Its stock price has dropped by over 55% in 2024, reaching a 10-year low, after the company cut its fiscal 2024 guidance in July.
Despite the struggles, the company reported €283.4m in revenue during the third quarter, and its software remains integral for managing patient data across healthcare providers.
