Fresenius Medical Care
The world leader in dialysis.
52-week range
As of 5 Oct 2026, 17:35What does Fresenius Medical Care do?
When kidneys fail, blood has to be cleaned by a machine several times a week. This is called dialysis. Fresenius Medical Care runs thousands of dialysis clinics, mainly in the US, and makes the machines, filters and supplies needed. In the US it also manages the full care of kidney patients on behalf of health insurers.
Do you know someone who needs dialysis? There is a good chance they are treated at an FME clinic (called NephroCare in Europe).
How Fresenius Medical Care makes money
- Dialysis treatments in own clinics67 %
- Dialysis machines & supplies21 %
- Care contracts with US insurers11 %
Strengths
- The world’s largest provider of dialysis treatments and dialysis products.
- Dialysis is life-saving, so demand barely depends on the economy.
- Operating income rose strongly in 2025 as its restructuring took hold.
Risks
- Over 70 percent of revenue comes from the US, so changes at Medicare or private insurers there hit directly.
- New drugs such as weight-loss injections could mean fewer kidney failures over time.
- Nursing staff are scarce and expensive, which weighs on clinic costs.
- Founded
- 1996
- Headquarters
- Bad Homburg, Germany
- Employees
- about 110,000
What if you had invested in Fresenius Medical Care earlier?
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