euro adhoc: Curanum AG / Mergers - Acquisitions - Takeovers / CURANUM to take over the FAZIT Group

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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07.09.2006

With effect from September 7, 2006, Munich-based CURANUM AG, a
nursing home operator listed on the SDAX, is to take over the FAZIT
Group which is located in Nuremberg. FAZIT operates 8 care homes in
Bavaria, Saxony and Thuringia with a total of 600 care places and 176
assisted living apartments. With its occupation rates running at a
high level, the FAZIT Group, which generated sales of around EUR 16
million, had an operating profit of EUR 1.9 million in the financial
year 2005. CURANUM is to purchase FAZIT with a new, unencumbered
property worth around EUR 5 million and a cash portfolio of EUR 3
million at an overall price of EUR 13 million.

The nursing care facilities of the FAZIT Group enjoy an excellent
reputation in their environment which they have gained by offering
high standards of care and service. The occupation rate is thus very
high. With an innovative concept for care of senior citizens and
property which has been set up according to the most recent
scientific standards, the facilities are optimally equipped for the
future. By adding these new locations to its portfolio, CURANUM AG's
network of nursing care facilities throughout Germany is ideally
supplemented. Thanks to the locations that are close to each other,
partly smaller homes belonging to the FAZIT Group can also be
operated efficiently, while realizing synergy effects within the
CURANUM network.

München, September 7, 2006

The Management Board

end of announcement euro adhoc 07.09.2006 13:47:56
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ots Originaltext: Curanum AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Bernd Rothe
Tel.: +49 (0)89 242065-60
E-Mail: bernd.rothe@curanum.de

Branche: Healthcare Providers
ISIN: DE0005240709
WKN: 524070
Index: CDAX, Classic All Share, Prime All Share, SDAX
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
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