Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 06-08-2014 | Practice Area: | Corporate and M&A |
| Deal Title: | Siemens AG Sale of Hospital Information Systems Business | Industry: | Software & Computer Services |
| Description: |
Clifford Chance advised Siemens AG on the sale of its business for hospital information systems (HS) for USD 1.3 billion to the US-based company Cerner Corp. The transaction is subject to applicable regulatory approvals.
HS is headquartered in Malvern, Pennsylvania/USA, and employs some 6,000 employees worldwide with operations in the U.S., in Europe (particularly in Germany) and in Asia. The company offers software and IT services for clinical and financial administration processes in hospitals.
The Clifford Chance team was led by partners Dr. Nicole Englisch and Jan F. Wrede and comprised counsel Dr. Matthias Wahl, associate Wenzel Richter (all Corporate, Munich) as well as transaction lawyer Moritz Erdmann (Corporate, Frankfurt).
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| Financial Center: | Munich | Value: | 1000.01-5000.00 |
| Advised Party: | Vendor | Law Firm | Clifford Chance |
| Target Company Jurisdiction: | Germany | Acquiror Jurisdiction: | United States |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Nicole Englisch |
