Physicians Dialysis has completed the acquisition of seven dialysis facilities from DaVita Inc. The Federal Trade Commission required DaVita to divest its ownership interest in the clinics, located in New Jersey and Texas, as a condition of acquiring Renal Ventures Management LLC.
The Miami-based Physicians Dialysis has 15 dialysis clinics in eight states. The company president Daniel Jacob said they have retained the DaVita clinical employees and established a regional corporate office in New Jersey to support the acquired facilities and future growth.
“This acquisition broadens our footprint and will allow us to further develop relationships with new and existing physician partners,” said Jacob.
GMF Capital LLC and Physicians Dialysis provided capital for the acquisition.
Physicians Dialysis is the largest provider of staff assisted home hemodialysis in Florida and alternate site dialysis services for nursing homes, rehab hospitals and federal and state correctional facilities.
“As pioneers in the staff assisted home hemodialysis market, we believe there is a strong demand for this modality in the New Jersey and Texas markets and we expect in the near term to offer this treatment option to our patients,” said Steven Jeger, vice president of business development at Physicians Dialysis.