DENVER, May 2, 2017 /PRNewswire/ -- DaVita Kidney Care, a
division of DaVita Inc. (NYSE: DVA), a leading independent provider
of integrated health and kidney care services in the United States and internationally,
announced that it closed its acquisition of Colorado-based Renal Ventures Management, LLC
('Renal Ventures') on Monday, May 1,
2017.
"We are excited to have Renal Ventures' employees, physicians
and patients join the DaVita Village," said Javier Rodriguez, CEO of DaVita Kidney Care. "Both DaVita and Renal
Ventures have talented caregivers with relentless passion towards
enhancing the quality of life for patients. We look forward to
benefiting from the power of the combined talent dedicated to
delivering industry-leading outcomes and comprehensive care."
DaVita acquired 38 dialysis centers and divested seven centers
in connection with the approval of the transaction by the Federal
Trade Commission.
After divestitures, DaVita will add 31 dialysis centers in six
states. DaVita is extending employment opportunities to current
Renal Ventures clinical teammates and many Renal Ventures business
office teammates located in Lakewood,
Colo.
The Centers for Medicare & Medicaid Services (CMS) Five-Star
Quality Rating program rates dialysis providers from one to five
stars to measure patient outcomes, giving consumers a better
picture of how a center is performing. For the third year in a row,
DaVita has been recognized as a clinical leader in results achieved
under the CMS Five-Star Quality Rating System. According to the
latest government ratings, DaVita outperformed the rest of the
industry with the highest percentage of centers meeting or
exceeding quality measures and lowest percentage of one- and
two-star centers in the country.
About DaVita Inc.
DaVita Inc., a Fortune 500® company, is the parent company of
DaVita Kidney Care and DaVita
Medical Group. DaVita Kidney Care is
a leading provider of kidney care in the
United States, delivering dialysis services to patients with
chronic kidney failure and end stage renal disease. As of
December 31, 2016, DaVita Kidney Care operated or provided
administrative services at 2,350 outpatient dialysis centers
located in the United States
serving approximately 188,000 patients. The company also operated
154 outpatient dialysis centers located in 11 countries outside
the United States. DaVita Medical
Group manages and operates medical groups and affiliated physician
networks in California,
Nevada, New Mexico, Florida, Colorado and Washington in its pursuit to deliver
excellent-quality health care in a dignified and compassionate
manner. As of December 31, 2016,
DaVita Medical Group provided integrated care management for
approximately 749,000 patients. For more information, please visit
DaVita.com/about.
Forward Looking Statements
This release may contain forward-looking statements within the
meaning of the federal securities laws. All statements that do not
concern historical facts are forward-looking statements and
include, among other things, statements about our expectations,
beliefs, intentions and/or strategies for the future, including the
prospective performance of or synergies created involving the
acquired business, improvement on physician practices, enhanced
patient care and quality of life, and the impact the business
combination will have on clinical outcomes and comprehensive care.
Factors which could impact future results include the uncertainties
associated with our ability to complete any acquisition or merger
that we might be considering or announce, or integrate and
successfully operate any business we may acquire or with whom we
merge, or retain key personnel of the acquired business or their
being able to continue to successfully manage or have adequate
resources to successfully operate the acquired business, and the
other risk factors set forth in our SEC filings, including our
Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent quarterly
reports filed on Form 10-Q. Any forward-looking statements should
be considered in light of these risks and uncertainties. We base
our forward-looking statements on information currently available
to us at the time of this release, and we undertake no obligation
to update or revise any forward-looking statements, whether as a
result of changes in underlying factors, new information, future
events or otherwise.
Media Contact:
Kate Stabrawa
720-318-4080
Kate.stabrawa@davita.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/davita-completes-acquisition-of-renal-ventures-300449454.html
SOURCE DaVita Kidney Care