View Cart (0 items)
DaVita / Nephrology Business / Dialysis Business

DaVita to buy managed care provider HealthCare Partners for $4.42B

May 21, 2012
/ Print / Reprints /
| Share More
/ Text Size+

Dialysis provider DaVita Inc. announced that it would buy HealthCare Partners, an operator of medical groups and physician networks, for $4.42 billion. The purchase price consists of $3.66 billion in cash and approximately 9.38 million shares of DaVita common stock (which had a value of $758 million based on the closing price on May 18, 2012). The combined company will be named DaVita HealthCare Partners Inc.

DaVita will fund the cash portion of the purchase price through a combination of available cash, additional borrowings under existing senior secured credit facilities and additional debt financing.

HealthCare Partners has operations in the Southern California, Central Florida, and Southern Nevada areas. It manages medical groups and physician networks and provides services to more than 667,000 patients through a team of 700 physicians.

HealthCare Partners'' 2011 revenue was approximately $2.4 billion.

"We believe our combined enterprise will offer new and exciting levels of clinical quality, service, and consumer/taxpayer savings," said DaVita CEO Kent Thiry.



You must login or register in order to post a comment.