Deutsche Telekom takes over 49.9% of IT service provider HMM Deutschland, boosting its presence in health-care sector

April 5, 2012

2 Min Read

BONN, Germany -- Deutsche Telekom is expanding its Healthcare business area and, to this end, is taking over 49.9 percent of the IT service provider HMM Deutschland GmbH. The Group has also the option of acquiring a majority stake in the company in future. Both companies have agreed not to disclose further details of the deal. Telekom has held a 18 percent share in HMM already since 2008 through T-Venture.

"We intend to further digitize the billing of care services. The healthcare sector will save time and money as a result. With our shareholding in HMM, we are also further expanding our intelligent healthcare network. We intend to play a leading role in the connected healthcare market in future," says Dr. Axel Wehmeier, Head of the Healthcare Group business area at Deutsche Telekom. Istok Kespret, CEO of HMM Deutschland GmbH, adds: "We want to further expand our range of services. With Telekom as our partner, in future we will be able to offer customers new services in the area of home care for example, or the billing of medication and medical aids."

HMM Deutschland specializes in the networking of health insurance providers with pharmacies, specialist medical suppliers or orthopedic technicians, for example. The company, which is based in the city of Moers in North Rhine-Westphalia, is a market leader in this sector. In Germany, health insurance providers are required to provide their members with medical aids such as bandages, hearing aids or walking aids which have been previously prescribed by the doctor. In turn, medical supply stores, pharmacies and orthopedic technicians are responsible for the care of the patients. They are therefore in constant contact with the health insurance providers. HMM deals with the secure and paperless exchange of information between health insurance providers and service providers.

Deutsche Telekom AG (NYSE: DT)

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