Why Shares of Fresenius Medical Jumped This Week

Shares of Fresenius Medical Care (NYSE: FMS) were up more than 11% for the week as of Friday at 1:30 p.m. ET, according to data provided by S&P Global Market Intelligence. The German healthcare company's stock is up more than 60% so far this year.

Fresenius Medical is the world's leading provider of products and services to treat kidney diseases. The company operates 4,060 dialysis clinics, serving roughly 343,000 patients across the world.

This week, the company's shareholders approved the conversion of the company from a legal partnership determined by shares to a German stock corporation, a more simplified stock corporation.

Source Fool.com