M1 Kliniken AG: Corona pandemic: M1 Group extends clinic and practice closures until 24 April 2020
DGAP-News: M1 Kliniken AG
/ Key word(s): Forecast/Sustainability
Corona pandemic: M1 Group extends clinic and practice closures until 24 April 2020
Due the very robust structure of M1's business model, important cost items are being reduced in correlation with the closures. In addition, M1 is taking advantage of government programs of short-time work and is negotiating with suppliers to reduce costs. Based on its strong cash position, M1 is thus well equipped to overcome the closure period without long-term adverse effects. The management assumes that following the reopening of the clinic and practice operations, the pre-existing capacity levels can be achieved in the foreseeable future.
Concurrently, cooperations with local health authorities and other bodies are taking shape. For example, M1 is providing a support team for the Treptow-Köpenick health authority, which is being deployed for mass testing of potentially affected persons, e.g. in nursing and old people's homes. There has been a high level of interest among the M1 workforce to participate in this initiative to support public efforts to cope with the pandemic. Other extensive forms of such cooperation are currently in a planning phase or final coordination.
09.04.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||M1 Kliniken AG|
|Grünauer Straße 5|
|Phone:||+49 (0)30 347 47 44 14|
|Fax:||+49 (0)30 347 47 44 17|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Stuttgart, Tradegate Exchange|
|EQS News ID:||1019241|
|End of News||DGAP News Service|