Fresenius Medical Care AG & Co. KGaA is an American- German healthcare company which provides kidney dialysis services through a network of 4,171 outpatient dialysis centers, serving 345,425 patients. The company primarily treats end-stage renal disease (ESRD), which requires patients to undergo dialysis 3 times per week for the rest of their lives. With a global headquarters in

Bad Homburg vor der Höhe Bad Homburg vor der Höhe () is the district town of the Hochtaunuskreis, Hesse, on the southern slope of the Taunus mountains. Bad Homburg is part of the Frankfurt Rhein-Main urban area. The town's official name is ''Bad Homburg v.d.Höhe'', w ...

, Germany, and a North American headquarters in

Waltham, Massachusetts Waltham ( ) is a city in Middlesex County, Massachusetts, United States, and was an early center for the labor movement as well as a major contributor to the American Industrial Revolution. The original home of the Boston Manufacturing Company, ...

, it has a 38% market share of the dialysis market in the United States. It also operates 42 production sites, the largest of which are in the

U.S. The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

, Germany, and Japan. The company is 32% owned by Fresenius and, as of 2020, generates around 50% of the group’s revenue. The company is on the ''Best Employers List'' published by

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

History

In 1996, Fresenius SE & Co. KGaA merged its dialysis business into W.R. Grace's National Medical Care to form Fresenius Medical Care. In 2000, the company pleaded guilty to billing Medicare for unnecessary medical tests and to paying kickbacks for lab business and paid a $486 million fine. In February 2012, the company acquired Liberty Dialysis Holding, which added 201 clinics, for $1.5 billion. In March 2012, Rice Powell was appointed CEO. In 2013, the company acquired Shiel Medical Laboratory, expanding services to New York City metro area. In December 2017, the company sold this business to

Quest Diagnostics Quest Diagnostics is an American clinical laboratory. A Fortune 500 company, Quest operates in the United States, Puerto Rico, Mexico, and Brazil. Quest also maintains collaborative agreements with various hospitals and clinics across the globe ...

. In February 2019, the company acquired NxStage, a U.S.-based maker of in-home dialysis devices, for $2 billion. In March 2019, the company paid $231 million to the

United States Department of Justice The United States Department of Justice (DOJ), also known as the Justice Department, is a federal executive department of the United States government tasked with the enforcement of federal law and administration of justice in the United Stat ...

and the

U.S. Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

to settle allegations of civil bribery to obtain business in

Angola , national_anthem = " Angola Avante"() , image_map = , map_caption = , capital = Luanda , religion = , religion_year = 2020 , religion_ref = , coordina ...

Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the A ...

Morocco Morocco (),, ) officially the Kingdom of Morocco, is the westernmost country in the Maghreb region of North Africa. It overlooks the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria t ...

, and

Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , i ...

References

External links

* {{authority control Companies based in Hesse Companies listed on the Frankfurt Stock Exchange Health care companies established in 1996 German companies established in 1996 Health care companies of Germany Medical and health organisations based in Hesse Multinational companies headquartered in Germany Private providers of NHS services Renal dialysis organizations in the United States Bad Homburg vor der Höhe