BAD NEUSTADT AN DER SAALE (dpa-AFX) - German hospital operator Rhoen-Klinikum AG (RKKPF.PK) has confirmed its previous forecast for fiscal 2018.
Rhoen-Klinikum also said that the agreement on separate accounting between the company, the university hospitals in Giessen and Marburg GmbH or UKGM, the Federal State of Hesse, and both universities in Giessen and Marburg has been validated by the independent auditors KPMG who certified that the agreement withstood external comparison.
The agreement will initially run until the end of 2021. However, the company believes it can be the basis for a more permanent regulation beyond the agreed term based on its content.
Among other things, the agreement foresees that UKGM will receive an additional amount from 2017 onwards in order to finance the services it renders in the area of research and teaching. The basic amount which the federal state pays to both universities will therefore be raised accordingly.
An extensive investment package will also be set in motion for UKGM of at least 100 million euros to extend the paediatric cardiology centre in Giessen and rebuild the paediatric and youth psychiatric clinic in Marburg. UKGM will receive additional investment funds from the Federal State of Hesse in a single payment of 13 million euros within the agreement.
For the first time, there will also be new regulations on appropriate remuneration for future increases in material and personnel costs for research and teaching, the company said.
Rhoen-Klinikum noted that the successful agreement will influence its 2018 EBITDA with a one-off positive effect of about 20 million euros.
In addition, Rhoen-Klinikum confirmed its existing guidance for fiscal 2018 revenues of 1.24 billion euros, within a range of plus or minus 5 per cent are expected.
The company confirmed its outlook for full-year EBITDA at a much higher level compared with 2017, of between 117.5 million euros and 127.5 million euros - which in addition to other effects is favorably influenced by the agreement on separate accounting at UKGM.
Copyright RTT News/dpa-AFX