Watson Farley & Williams (“WFW”) has advised KMG Kliniken Group (“KMG”) on the refinancing of both its existing debt and further working capital loans.
This long-term financing offers KMG a platform from which to further expand its reach in the hospital sector, following its acquisition of DRK (German Red Cross) hospital company (“DRK”) in 2019, with its four clinics in the Thuringia-Brandenburg region, on which WFW also advised.
KMG is a private healthcare provider with over 30 inpatient medical and nursing facilities in north-east and central Germany including acute care and rehabilitation clinics and care facilities for the elderly and people with disabilities,
The WFW Hamburg Banking & Finance team that advised KMG was led by Partner Dr Clemens Hillmer, supported by Managing Associates Dr Paul Vincent Hahn and Tobias Weise, Senior Associate Jan Mommsen and Associate Justus Langelittig.
Clemens commented: “Leveraging WFW Germany’s extensive experience in healthcare financing, we are pleased to have once again advised KMG as they continue their exciting expansion project and congratulate them on the successful transaction”.