Dialysis clinic operator DaVita to buy HealthCare Partners for $4.42 bn

21 May 2012

DaVita Inc, a dialysis clinic operator in the US, today said that it will acquire HealthCare Partners, an operator of medical groups and physician networks, for about $4.42 billion in a cash and stock deal.

DaVita, whose shareholders include Warren Buffet's investment firm Berkshire Hathaway, will pay $3.66 billion in cash and about 9.38 million of its shares, which had a value of $758 million as of 18 May.

The deal also includes an additional payment of $275 million in cash if certain performance targets are achieved in 2012 and 2013.

HealthCare Partners takes clinical and economic accountability and management responsibility for nearly all of the healthcare needs of a patient, which includes the provision of professional services rendered by primary care and specialty physicians as well as the coordination of hospital and other services.

The California-based company provides these services to over 667,000 managed care patients through a team of over 700 physicians that are employed by the company or its affiliated medical groups.

The company operates an extensive network of 152 medical clinics in Southern California, Central Florida, and Southern Nevada areas and a network of over 8,300 independent physicians.