Fresenius Medical Care

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Fresenius Medical Care AG & Co. KGaA
Kommanditgesellschaft auf Aktien with Aktiengesellschaft as partner with unlimited liability
Traded as FWBFME
NYSEFMS
Industry Health care
Founded 1996
Headquarters Bad Homburg, Germany
Key people
Rice Powell (CEO and Chairman of the executive board), Michael Brosnan (CFO), Harry de Wit (Chief Executive Officer for Asia-Pacific), Katarzyna Mazur-Hofsaess, Ph.D. (Chief Executive Officer for Europe, Middle East and Africa), Kent Wanzek (Chief Executive Officer for Global Manufacturing and Quality), William Valle (Chief Executive Officer for North America), Dr. Olaf Schermeier (Chief Executive Officer for Global Research and Development), Dr. Dieter Schenk (Chairman of the supervisory board)
Products Kidney dialysis products and services, Therapuetic Aphoresis Products
Revenue EUR €17.7 billion (2017)[1]
EUR €2,362 million (2017)[1]
EUR €1,280 million (2017)[1]
Total assets EUR €24.025 billion (end 2017)[1]
Total equity EUR €10.828 billion (end 2017)[1]
Number of employees
114,000 (FTE, end 2017)[2]
Website www.freseniusmedicalcare.com

Fresenius Medical Care is a German company specializing in the production of medical supplies, primarily to facilitate or aid renal dialysis. It is 30% owned by the health care company Fresenius.[3] As of December 31, 2017, the number of Fresenius Medical Care shares is held by its largest shareholder, Fresenius SE & Co. KGaA remained unchanged at around 94.4 M. This corresponds to a 30.6% interest in its share capital.

Manufacturing

Fresenius Medical Care operates more than 40 production sites on all continents. Its largest plants in terms of production output are in the U.S. (Ogden, Utah, and Concord, California), Germany (Schweinfurt and St. Wendel), and Japan (Buzen). These plants are categorized as large and small with 25 large facilities and 15 small ones worldwide which cater to local demand for dialysis products.[4] Plants that fall under the concentrates division, manufacture finished products from raw materials, such as sodium chloride, dextrose, and magnesium, to name a few. Raw materials go through a complex mixing and packaging process.

On 30 October 2006, the manufacturing facility (Fresenius Hemocare) in Redmond, Washington was shut down. Fresenius Hemocare has stopped going by the name Fresenius Hemocare and now goes by the name Fresenius-Kabi LLC. The closing of one of two entities inside of Hemocare allowed for the name change and takes Hemocare from the Medical Care group to the Kabi group.[citation needed]

Devices

Fresenius Medical Care manufactures a variety of durable medical devices used in the treatment of End Stage Renal Disease (ESRD). Devices include Hemodialysis Machines, Peritoneal Dialysis Machines, Granuflo Concentrate Mixing Tanks and monitoring devices including the Crit-line device. The dialysis machines are manufactured in one of two plants to serve the globe. These plants are located in Schweinfurt, Germany and Concord, California. Crit-line devices are manufactured in Concord, California.

Distribution

Distribution is where the finished product, from Manufacturing, comes in on Semi-Trucks to be distributed to dialysis clinics, hospitals, and home dialysis patients. These products are then used in the dialysis process.

UK Dialysis Units

Fresenius Medical Care Renal Services Limited runs 54 dialysis units across England[5] and more across Wales. In September 2014 new renal dialysis units run by Fresenius were opened at Withybush General Hospital and West Wales General Hospital, with a contract to run for at least 7 years.[6]

Acquisitions

In 2012, Fresenius acquired Liberty Dialysis Holdings, in a deal which entailed the sale of its outpatient dialysis clinics in 43 local markets within the U.S.

In 2013, Fresenius Medical Care NA acquired Shiel Medical Laboratory Inc, expanding services to New York City metro area. In September 2017 the company announced the divestment of the business of Shiel Medical Laboratory, Inc. to Quest Diagnostics, Inc.[7] On December 12, 2017 Fresenius Medical Care reported the closing of this divestment.[8]

In August 2017, Fresenius has signed an agreement to acquire NxStage Medical, a medical device manufacturer based in Lawrence, Massachusetts for a reported $2 billion.[9]

References

  1. ^ a b c d e "Fresenius Medical Care achieves record results in 2017". Fresenius Medical Care. 26 February 2018. Retrieved 7 September 2018.
  2. ^ https://www.freseniusmedicalcare.com/en/investors/operating-figures/
  3. ^ Fresenius Medical Care. "Shareholder structure". Retrieved 2017-01-31.
  4. ^ KGaA, Fresenius Medical Care AG & Co. "Operations and Strategy . reports.fmc-ag.com.
  5. ^ "Provider: Fresenius Medical Care Renal Services Limited". Care Quality Commission. Retrieved 27 September 2014.
  6. ^ "Date finally set for opening of Withybush Hospital's multi-million pound dialysis unit". Milford & West Wales Mercury. 8 September 2014. Retrieved 27 September 2014.
  7. ^ https://www.freseniusmedicalcare.com/en/media/news/details/detail/News/fresenius-medical-care-divests-shiel-medical-laboratory-to-quest-diagnostics/
  8. ^ https://www.freseniusmedicalcare.com/en/media/news/details/detail/News/fresenius-medical-care-closes-divestment-of-shiel-medical-laboratory-to-quest-diagnostics/
  9. ^ Stendahl, Max (2017-08-07). "Why NxStage's CEO 'feels really good' about selling his medical device firm". Boston Business Journal. Retrieved 2017-08-07.

External links

  • Dietitian Careers
  • Official website
  • Fresenius Medical Careers
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