The German Bundeskartellamt cleared a merger in the market for hospital services subject to remedies, including the divestiture of one of the target’s hospitals (Asklepios/LBK Hamburg)

The operation On 1 December 2004 Asklepios Kliniken GmbH (“Asklepios”) notified the Bundeskartellamt of its proposed acquisition of at first 49.9% and subsequently (on 1 January 2007) another 25% of Landesbetrieb Krankenhäuser Hamburg GmbH (“LBK”) from the City of Hamburg, LBK's sole (indirect) shareholder. After the share purchases the City of Hamburg would retain a shareholding and take co-control of LBK. Asklepios is one of the leading private hospital groups in Germany. According to the group's 2003 accounts Asklepios runs 64 hospitals throughout Germany. One of these, Westklinikum Hamburg, is located in Hamburg-Rissen. LBK comprises seven major general hospitals and covers the entire spectrum of medical care services in Hamburg. The only major hospital in Hamburg not included in

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Jonas S. Brueckner, The German Bundeskartellamt cleared a merger in the market for hospital services subject to remedies, including the divestiture of one of the target’s hospitals (Asklepios/LBK Hamburg), 28 April 2005, e-Competitions Bulletin April 2005, Art. N° 20769

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