VINELAND, N.J., June 8, 2016 /PRNewswire/ -- DaVita Kidney
Care, a division of DaVita HealthCare Partners (NYSE: DVA), today
announced its intent to enter into a joint venture acquisition with
Inspira Health Network that will bring DaVita's industry-leading
quality patient care to Southern New
Jersey. The proposed joint venture would transfer majority
ownership of three Inspira dialysis centers located in Vineland, Millville and Bridgeton to DaVita and create opportunities
to grow dialysis services throughout the communities which Inspira
currently serves.
"Once finalized, this long-term joint venture between two
innovative, leading health care providers will deliver superior and
comprehensive renal care in Southern New
Jersey," said Charlie Choi,
group vice president at DaVita HealthCare Partners. "Our combined
capabilities could also allow us to meet a growing need for
high-quality dialysis services in the surrounding communities."
DaVita, which operates 2,278 outpatient dialysis centers
nationwide serving approximately 180,000 patients, has been
recognized throughout the country for its clinical quality,
positive teammate culture and community service. The company also
operates 124 outpatient dialysis centers located in 10 countries
outside the United States.
"This transaction will be a win for our community," said
John DiAngelo, Inspira Health
Network President and CEO. "DaVita is a leading global provider of
kidney care services and we're pleased to partner with them to
bring their industry-leading quality patient care to Southern New Jersey."
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 second year in a
row, DaVita has the highest number of four- and five-star centers
in the country, twice as many as other dialysis providers. DaVita
is proud to bring this level of care to the 270 patients who treat
at the three Cumberland County
dialysis centers and beyond.
The transaction will close subject to regulatory approvals,
completion of due diligence and other required closing conditions.
Financial terms were not disclosed.
About DaVita Kidney
Care
DaVita Kidney Care is a division
of DaVita HealthCare Partners Inc., a Fortune 500® company that,
through its operating divisions, provides a variety of health care
services to patient populations throughout the United States and abroad. A leading
provider of dialysis services in the
United States, DaVita Kidney
Care treats patients with chronic kidney failure and end
stage renal disease. DaVita Kidney
Care strives to improve patients' quality of life by
innovating clinical care, and by offering integrated treatment
plans, personalized care teams and convenient health-management
services. As of March 31, 2016,
DaVita Kidney Care operated or
provided administrative services at 2,278 outpatient dialysis
centers located in the United
States serving approximately 180,000 patients. The company
also operated 124 outpatient dialysis centers located in 10
countries outside the United
States. DaVita Kidney Care
supports numerous programs dedicated to creating positive,
sustainable change in communities around the world. The company's
leadership development initiatives and social responsibility
efforts have been recognized by Fortune, Modern Healthcare,
Newsweek and WorldBlu. For more information, please visit
DaVita.com.
About Inspira Health Network
Inspira Health Network is a charitable nonprofit health care
organization serving communities across southern New Jersey. The network, which traces its
roots to 1899, comprises three hospitals, a comprehensive cancer
center, several multi-specialty health centers and a total of more
than 100 access points. These include urgent care; outpatient
imaging and rehabilitation; numerous specialty centers, including
sleep medicine, cardiac testing, digestive health and wound care;
home care and hospice; and more than 30 primary and specialty
physician practices in Gloucester,
Cumberland, Salem and Camden counties.
Together with its medical staff of more than 1,100 physicians
and other care providers, as well as more than 5,700 employees,
Inspira Health Network provides evidence-based care to help each
patient achieve the best possible outcome. Accredited by DNV
Healthcare, the network's clinical and support staffs are focused
on providing quality care in a safe environment. For more
information about Inspira Health Network, call 1-800-INSPIRA.
Media Contacts:
Kevin Downey
DaVita
303-876-6600
kevin.downey@davita.com
Greg Potter
Inspira Health Network
856-575-4219
potterg@ihn.org
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SOURCE DaVita Kidney Care