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Fresenius Medical Care (NYSE: FMS) delivers integrated kidney dialysis services and medical technologies across 50+ countries. This news hub provides investors and healthcare professionals with essential updates on the company’s clinical advancements, financial performance, and strategic initiatives.
Access real-time press releases covering earnings reports, dialysis product innovations, and operational milestones. Track developments in augmented reality training systems for clinical staff, partnerships with healthcare providers, and progress in renal care accessibility programs.
Our curated collection includes regulatory filings, acquisition announcements, and peer-reviewed research collaborations. Stay informed about FMS’s portfolio optimization strategies and sustainability initiatives within the global healthcare sector.
Bookmark this page for streamlined access to verified updates from the world’s largest dialysis services provider. Combine market-moving financial data with insights into technological advancements shaping renal therapy standards worldwide.
Fresenius Medical Care (FME), a leading global provider of kidney disease products and services, has entered into five virtual power purchase agreements (vPPAs) for renewable energy with wind and solar farms in Germany and the U.S. These agreements are projected to supply approximately 580 gigawatt hours of renewable energy annually, which is about 46% of the company’s global energy consumption.
The initiative is a significant stride towards Fresenius Medical Care's strategic sustainability goal to reduce its carbon emissions by 50% by 2030, ultimately aiming for climate neutrality by 2040. The energy farms are expected to become operational in 2024 and 2025, with contracts spanning 10 to 15 years.
CEO Helen Giza emphasized the importance of this milestone in driving the company's commitment to sustainability. Fresenius Medical Care has also aligned its climate targets with the Science Based Target initiative (SBTi) and integrated greenhouse gas emission reduction as a performance target for the Management Board's long-term variable remuneration.
Fresenius Medical Care (FME) has had its rating outlook upgraded to stable from negative by both S&P Global and Moody's. This change reflects the company's successful transformation efforts, which have improved its credit metrics and operational performance.
Moody's revised the rating on May 17, 2024 (baa3, stable outlook), while S&P followed on May 23, 2024 (bbb-, stable outlook). The agencies highlighted that FME's transformation program has enhanced margins and is expected to drive further improvement over the next 12-24 months.
FME's growth is anticipated to continue, supported by increased dialysis treatment volumes, value-based care, and home dialysis expansion. The company has also successfully reduced financial debts and divested non-core assets, contributing to solid deleveraging prospects.
FME's CFO, Martin Fischer, emphasized the company's commitment to maintaining an investment-grade rating and its strategic plan, underscoring improvements in financial performance and capital allocation policy.
Fresenius Medical Care (FME), a leader in renal disease products and services, announced their participation in the 61st European Renal Association (ERA) Congress from May 23-26, 2024. They will present nearly 40 research abstracts highlighting innovative approaches to kidney care through data-driven insights and real-world evidence. Key presentations include the CONVINCE study showing a 23% reduction in mortality rates using high-volume hemodiafiltration, and AI and machine learning applications for dialysis patient care. The company also evaluated ChatGPT for nutritional advice in dialysis, noting significant discrepancies in calorie and nutrient estimations.
Fresenius Medical Care announced significant progress in its transformation efforts at its Annual General Meeting on May 16, 2024. Shareholders approved a 6% increase in dividends to 1.19 euros and a new compensation system for the Management Board. The company confirmed its ambitious growth targets for 2024. CEO Helen Giza highlighted top- and bottom-line growth for 2023, exceeding operating income expectations. The Management Board's transformation program, FME25, is ahead of schedule. The company aims to focus on disciplined execution and value creation in 2024. A substantial majority of shareholders approved various proposals, showing strong support for the company's direction.
Fresenius Medical Care reported solid revenue growth of 4% in the first quarter of 2024, driven by both Care Delivery and Care Enablement segments. Operating income margin improved in both segments, with Care Enablement showing significant progress towards the 2025 target margin band. The company continues to execute its transformation and portfolio optimization plans, with divestments in various regions. The outlook for FY 2024 is confirmed, highlighting positive progress and financial stability.
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