CMS advises Otto Group on investment in digital health sector

Hamburg – International retail and services company Otto Group has acquired a majority stake in Swiss company Medgate Holding AG. Medgate Holding is a leading provider of digital health services, including medical teleconsulting. As part of the transaction, Medgate Holding is also acquiring BetterDoc GmbH, a German provider of data analysis services for finding the best medical care. The founders of Medgate Holding and BetterDoc GmbH will retain a minority stake in Medgate Holding. Further details of the transaction were not disclosed.

A CMS team headed by Dr Hilke Herchen and Dr Jacob Siebert advised the Otto Group on all legal aspects of acquiring a majority stake in Medgate Holding and on Medgate Holding’s simultaneous acquisition of 100% of the shares in BetterDoc GmbH. This acquisition marks the Otto Group’s targeted expansion of its digital services into digital health.

CMS Germany

Dr Hilke Herchen, Lead Partner, Hamburg
Dr Jacob Siebert, Lead Partner, Hamburg
Dr Frederike Volkmann, Counsel, Hamburg
Christina Lorf, Associate, Hamburg, all Corporate/M&A
Dr Roland Wiring, Partner, Hamburg
Dr Siham Hidar, Associate, Hamburg, both Healthcare
Dr Malte Grützmacher, Partner, Hamburg
Prof. Heralt Hug, Partner, Leipzig
Annina Barbara Männig, Senior Associate, Leipzig
Christian Schultz, Associate, Hamburg
Dr Anna Lena Füllsack, Associate, Hamburg, all IT/Data Protection
Christoff Soltau, Partner, Hamburg, Competition
Dr Olaf Thießen, Hamburg, Tax

The team worked with Swiss-based law firm Bratschi Rechtsanwälte in providing its advice.

The following members of the inhouse Otto Group legal department were involved:
Dr Steffen Jaeniche (Group General Counsel)
Dr Christian Post (Division Manager, Corporate)
Laura Isabel Schlegel (Legal Counsel, Corporate)
Dr Simon Menke (Division Manager, Data Protection)
Peter Carstens (Vice President, Group Taxation)
Stefan Scheewe (Principal, M&A Tax)
Peter Krohn (Group Vice President, M&A)
Franziska von Scholz (Principal, M&A)
Simon Klein (Project Manager, M&A)

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