12-20-17 8:53 AM EST | Email Article
   By Euan Conley 
 

Fresenius SE & Co. KGaA (FRE.XE) said Wednesday that one of its Spanish subsidiaries will invest around 27 million euros ($31.9 million) in the construction of a new hospital near Madrid.

The German healthcare company said its Quironsalud hospital operator will build the new 11,000-square-meter facility, which will hold 106 beds, in Alcala de Henares. The new hospital is scheduled to open in 2019, it added.

The company acquired Quironsalud in September 2016 for EUR5.76 billion as part of its first expansion outside Germany.

 

Write to Euan Conley at euan.conley@dowjones.com

 

(END) Dow Jones Newswires

December 20, 2017 08:53 ET (13:53 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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