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 outsidethe 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 southernNew 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.
