Ad-hoc | 22 January 2016 17:45

AEVIS VICTORIA SA acquires a participation of 40% in the Medgate Group, a leading telemedicine provider in Switzerland

EQS Group-Ad-hoc: AEVIS VICTORIA SA / Key word(s): Acquisition

2016-01-22 / 17:45
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

Press release

Fribourg, 22 January 2016

AEVIS VICTORIA acquires a participation of 40% in the Medgate Group, a leading telemedicine provider in Switzerland

Medgate is the leading provider of integrated out-patient healthcare in Switzerland. Thanks to the comprehensive approach of its Telemedicine Center, its Health Centers and its Partner Network, Medgate’s patients benefit from exhaustive, high-quality medical treatment. AEVIS VICTORIA takes a participation of 40% in the Medgate Group, retroactivaly as of January, 1, 2016. The Medgate founders, Andy Fischer and Lorenz Fitzi, remain the majority shareholders. The purchase price is not communicated.

Due to the high demand, Medgate has strongly developed its activities during the past 15 years, to become the leading provider of innovative solutions in the field of telemedicine and integrated healthcare. Medgate employs around 300 persons, of which 100 are doctors. Every day, around 4’900 consultations are performed in the telemedicine centres. Since the summer of 2014, Medgate offers its different telemedicine services in Abu Dhabi and since the summer of 2015 also in Australia.

The demand of telemedical consultations is increasing significantly, both in Switzerland and abroad. On the medical side, this growth is driven by the pressure on healthcare costs and the progress in the use of telemedicine sensors. On the technological side, it is driven by the increased availability of powerful transmission technologies.

Together with the Medgate founders, AEVIS will invest in the development of integrated healthcare in Switzerland and in the expansion of its well-established telemedicine concept outside of Switzerland.

For further information:
AEVIS VICTORIA SA Media and Investor Relations: c/o Dynamics Group, Zurich
Edwin van der Geest, vdg@dynamicsgroup.ch, +41 (0) 43 268 32 35 or +41 (0) 79 330 55 22
Philippe R. Blangey, prb@dynamicsgroup.ch, +41 (0) 43 268 32 35 or +41 (0) 79 785 46 32

AEVIS VICTORIA SA – Investing for a better life
AEVIS VICTORIA SA invests in services to people, healthcare, life sciences, hotels and lifestyle. AEVIS’s main shareholdings are Swiss Medical Network, the second largest group of private clinics in Switzerland, Victoria-Jungfrau Collection AG, a luxury hotel group managing four palace hotels in Switzerland, Swiss Healthcare Properties AG, a company specialised in healthcare real estate, Medgate, the leading provider of integrated out-patient healthcare in Switzerland, and NESCENS SA, a brand dedicated to better aging. AEVIS is listed on the Swiss Reporting Standard of the SIX Swiss Exchange (AEVS.SW) www.aevis.com .

End of ad hoc announcement

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The issuer is responsible for the contents of the release.