Optum Completes Acquisition of DaVita Medical Group from DaVita
June 19 2019 - 03:55PM
Business Wire
- DaVita Medical Group’s high-quality practices in California,
Colorado, Florida, New Mexico and Washington are now part of
OptumCare
- Combination will improve care quality and patient experiences
and lower costs for 16 million people; and serve more than 80
health plans
Optum, a leading health services company, completed its
acquisition of DaVita Medical Group, one of the nation’s leading
independent medical groups, from DaVita Inc. (NYSE: DVA). As part
of the transaction, HealthCare Partners Nevada, DaVita Medical
Group’s primary care practice in southern Nevada, will become part
of Intermountain Healthcare.
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DaVita Medical Group joins OptumCare, which serves more than 80
health plans, and will provide quality care to a combined 16
million patients.
“We are excited to take this important step in building a
next-generation comprehensive, coordinated health care
organization. Together we will improve patient health and
experiences while lowering costs across the continuum of care –
including primary, specialty, urgent and surgical care,” said
Andrew Witty, CEO of Optum.
“In joining Optum, DaVita Medical Group begins an exciting new
chapter, helping physicians further advance patient care,” said
Kent Thiry, Executive Chairman of DaVita Inc.
“DaVita will continue its focus on improving quality of life for
patients and expanding access to integrated care in the kidney care
space,” said Javier Rodriguez, CEO of DaVita Inc.
DaVita Inc. will continue to own and operate its U.S. and
international kidney care businesses.
About DaVita Inc. DaVita is a Fortune 500® health care
provider focused on transforming care delivery to improve quality
of life for patients around the globe. The company is the largest
provider of kidney care services in the U.S. and has been a leader
in clinical quality and innovation for 20 years. Through DaVita
Kidney Care, the company treats patients with chronic kidney
failure and end stage renal disease. DaVita is committed to bold,
patient-centric care models, implementing the latest technologies
and moving toward integrated care offerings for all. As of March
31, 2019, DaVita serves 203,500 patients at 2,689 outpatient
dialysis centers in the United States. The company also operates
234 outpatient dialysis centers in nine countries across the world.
DaVita has reduced hospitalizations, improved mortality, and worked
collaboratively to propel the kidney care industry to adopt an
equitable and high-quality standard of care for all patients,
everywhere. To learn more about how DaVita is leading the health
care evolution, please, visit DaVita.com/About.
About Optum Optum is a leading information and
technology-enabled health services business dedicated to helping
make the health system work better for everyone. With more than
165,000 people worldwide, Optum delivers intelligent, integrated
solutions that help to modernize the health system and improve
overall population health. Optum is part of UnitedHealth Group
(NYSE:UNH). For more information, visit www.optum.com.
Cautionary Statement Regarding Forward
Looking Statements
This release contains forward-looking statements within the
meaning of the federal securities laws. All such statements in this
release, other than statements of historical fact, are
forward-looking statements and include, among other things,
statements about expectations, beliefs, intentions and/or
strategies for the future. Words such as "expect," "intend,"
"will," "plan," "anticipate," "believe," "continue," and similar
expressions are intended to identify forward-looking statements.
Actual results could differ materially from forward-looking
statements due to numerous factors that involve substantial known
and unknown risks and uncertainties. With respect to DaVita, these
risks and uncertainties include, among other things, the risk
factors set forth in DaVita’s most recent quarterly report on Form
10-Q and the other risks discussed in any subsequent reports filed
by it with the Securities and Exchange Commission from time to
time, all of which are expressly incorporated herein by reference.
DaVita bases its forward-looking statements on information
available to it on the date of this release, and undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of changed circumstances, new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20190619005805/en/
For Optum: Communications: Lauren Mihajlov 952-205-6312
lauren.mihajlov@optum.com
Investors: Brett Manderfeld 952-936-7216
brett_manderfeld@uhg.com
For DaVita: Communications: Courtney Culpepper 303-876-6600
courtney.culpepper@davita.com
Investors: Jim Gustafson 310-536-2585
jim.gustafson@davita.com
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