DaVita To Buy Privately Held HealthCare Partners
The deal between the dialysis services provider and the doctor network operator is estimated to tally $4.42 billion in cash and stock.
Reuters: DaVita Eyes New Markets With $4.4 Billion HealthCare Deal
DaVita Inc, the biggest U.S. operator of dialysis clinics, has agreed to buy privately-held HealthCare Partners for about $4.42 billion in cash and stock to expand into new markets to help offset potential revenue pressures in its main business. ... The deal follows changes to the way health care companies are reimbursed by U.S. state-run health insurer Medicare which could put pressure on revenues across the industry (5/21).
The Associated Press: DaVita To Buy HealthCare Partners In $4.42B Deal
Kidney dialysis services provider DaVita Inc. said Monday that it has agreed to buy the doctor network operator HealthCare Partners in a cash-stock deal worth about $4.42 billion. ... HealthCare Partners manages and runs medical groups and doctor networks, with operations in California, Nevada and Florida. It coordinates care for more than 667,000 patients and provides primary and specialty doctor care. HealthCare Partners had $2.4 billion in revenue last year (5/21).