RESULTS OF OPERATIONS, FINANCIAL POSITION, ASSETS AND LIABILITIES

Fresenius’ acquisitions in 2007 were in the area of dialysis, infusion and clinical nutrition therapy and in hospital operations. They included Fresenius Medical Care’s acquisition of Jiate Excelsior, Taiwan’s leading dialysis provider, as of January 1. The company achieved sales of approximately US$ 85 million in 2007. Fresenius Medical Care also acquired Renal Solutions in the United States, adding an important technology for expanding its home hemodialysis business.

Fresenius Kabi completed various acquisitions in 2007, including Nestlé’s enteral nutrition business in France and Spain with annual sales of € 55 million.

Expansion in the German hospital market was also continued. In 2007, Fresenius Helios acquired a total of three hospitals in Germany with annual sales of about € 54 million. The acquisition of two hospitals in Krefeld and Hüls with sales of € 175 million was completed as of December 31, 2007.

The two companies Pharmaplan and Pharmatec, which provide engineering services for the pharmaceutical industry, were sold as of January 1, 2007 and June 30, 2007, respectively. The Extracorporeal Alliance perfusion business with sales of US$ 110 million in 2006 was also sold. The business was no longer consolidated at Fresenius Medical Care as from May 9, 2007.