University Hospital integrates medical facilities of the Pfeiffer Foundations - concept convinces creditors' committee
With the notarisation of the investor agreement, Magdeburg University Hospital has been confirmed as the new medical partner of the Pfeiffer Foundations. The bidding process of the Pfeiffer Foundations in Magdeburg-Cracau has thus been successfully concluded. At the end of the bidding process, the University Hospital A.ö.R. prevailed with a convincing concept for healthcare provision in the region in terms of both content and economics. The merger with Universitätsklinikum Magdeburg A.ö.R. includes the clinic in the Pfeiffer Foundations, the Lostau Lung Clinic and the Pfeiffer Foundations' medical care centre. The creditors of the companies will now agree to this as part of an insolvency plan so that the investor process can be finalised.
Ulrike Petermann, Director of Theology, says: ‘In Magdeburg University Hospital, we are gaining a partner that will strengthen medical care and at the same time leave room for what defines us as a diaconal organisation. Our task remains to provide people with holistic support - in medical, nursing and pastoral care. We will also actively incorporate this perspective into the new care framework.’
‘The University Hospital A.ö.R. has developed a clear care model for the health region of Saxony-Anhalt that ensures the continued existence of the hospitals,’ adds Prof Dr Lars Timm, Chief Development Officer of the Pfeiffer Foundations. ‘Our goal has always been to lead the medical facilities on a stable course with a connection to the healthcare region. The approval of the creditors' committee is an expression of trust in this constellation.’
Prof. Dr Hans-Jochen Heinze, Medical Director of the University Hospital Magdeburg A.ö.R., emphasises: ‘With the integration of the clinics and the MVZ, we are pooling our medical and nursing strengths and will bear joint responsibility for the security of care in the region in future. Our overarching goal is to maintain the quality of patient care and to ensure that all Magdeburg University Hospital sites (Leipziger Straße, Landesfrauenklinik, Cracau, Lostau and the MVZs) are future-proof.’
Marco Bohn, Commercial Director of the University Hospital Magdeburg, explains: ‘The merger is a milestone - both for the new facilities of the University Hospital Magdeburg A.ö.R. and for ourselves. We are securing jobs, creating synergies and building together on what makes the facilities strong today. We warmly welcome our new colleagues and look forward to working together! We would also like to continue our excellent collaboration with the Pfeiffer Foundations.’
Prof Dr Lucas Flöther, trustee in the proceedings, draws a positive balance: ‘The new partnership offers creditors good prospects and enables a sustainable supply structure. The bidding process was transparent and open-ended - the decision in favour of the university hospital is based on economic viability and medical expertise.’
Thomas Mulansky, General Manager, emphasises the importance of the partnership for the restructuring as a whole: ‘The conclusion of the bidding process is a milestone in the foundations’ proceedings. We now want to bring the reorganisation as a whole to a successful conclusion. The professionalism with which the bidding process was conducted and finalised by all parties involved gives me confidence.’
The conclusion of the contract secures the future of the Pfeiffer Foundations' medical facilities. The Management Board, employees and new owners will now take the next steps towards realisation.
At the beginning of the year, the Pfeiffer Foundations applied for a protective shield procedure. The main reasons for this were the rising material and personnel costs without adequate counter-financing and additional structural requirements, which had put the clinics in particular in a financially precarious position.
About the Pfeiffersche Stiftungen zu Magdeburg-Cracau, charitable foundation under civil law
The Pfeiffer Foundations, founded in 1889, are a charitable organisation and, with around 2,000 employees, the largest complex diaconal institution in Saxony-Anhalt. It has two hospitals and a medical care centre (MVZ), outpatient care services and residential facilities for people with disabilities and senior citizens, as well as workshops for people with disabilities with a further 600 employees, inpatient and outpatient care for the elderly and a hospice and palliative care service that is unique in Germany. In addition, they hold a 50 percent stake in the training centre for health and nursing professions and a 52 percent stake in the Magdeburg Social Paediatric Centre.
About the University Hospital Magdeburg A.ö.R.
The University Hospital Magdeburg A.ö.R. is affiliated to the Medical Faculty of Otto von Guericke University Magdeburg. The Magdeburg Medical Academy (MAM) was founded on 7 September 1954 and emerged from the Sudenburg Hospital, which opened in 1891. It is the largest hospital in Magdeburg and northern Saxony-Anhalt with around 1,050 beds. Around 4,800 employees (including the Faculty of Medicine) work in over 21 institutes and 25 clinics. Prof Dr med Dr h. c. Hans-Jochen Heinze is Medical Director of the University Hospital, while Prof Dr rer. nat. Daniela C. Dieterich is Dean of the Faculty of Medicine. The main profile areas are neurosciences and personalised mental health, immunology, cell therapy, robotics, cancer medicine, hepatopancreaticobiliary medicine, pregnancy and paediatrics. The University Hospital is the training centre for over 1,500 future doctors.
About Mulansky + Kollegen Rechtsanwälte GmbH
Mulansky + Kollegen Rechtsanwälte GmbH is a law firm founded in 2012 with offices in Dresden and Chemnitz and twelve professionals. The law firm offers comprehensive advice in the areas of commercial and corporate law, insolvency law, labour law, banking and capital market law, tax law and general contract law. The firm's hallmarks are its expertise in crisis situations and its many years of experience in advising companies and entrepreneurs. In particular, the firm provides comprehensive legal, commercial and tax advice in reorganisations.
About Flöther & Wissing
Flöther & Wissing is one of the leading German law firms in all areas of restructuring and insolvency law. For more than 20 years, the law firm has been offering insolvency administration, trusteeship, self-administration and reorganisation advice across all sectors at ten locations. According to current insolvency law firm rankings by leading specialist magazines such as WirtschaftsWoche, FOCUS and JUVE, Flöther & Wissing is one of the top law firms in Germany. Name partner Prof Dr Lucas Flöther is a member of the Gravenbrucher Kreis, the association of leading insolvency administrators and restructuring experts in Germany. He was spokesman for this organisation for eight years until the beginning of 2023.
Photo: Aerial view Pfeiffersche Stiftungen. Photo: Video Lehmann
‘The University Hospital A.ö.R. has developed a clear care model for the health region of Saxony-Anhalt that ensures the continued existence of the hospitals,’ adds Prof Dr Lars Timm, Chief Development Officer of the Pfeiffer Foundations. ‘Our goal has always been to lead the medical facilities on a stable course with a connection to the healthcare region. The approval of the creditors' committee is an expression of trust in this constellation.’
Prof. Dr Hans-Jochen Heinze, Medical Director of the University Hospital Magdeburg A.ö.R., emphasises: ‘With the integration of the clinics and the MVZ, we are pooling our medical and nursing strengths and will bear joint responsibility for the security of care in the region in future. Our overarching goal is to maintain the quality of patient care and to ensure that all Magdeburg University Hospital sites (Leipziger Straße, Landesfrauenklinik, Cracau, Lostau and the MVZs) are future-proof.’