05.03.2024 15:24:57 - dpa-AFX: DaVita To Expand International Operations In Brazil, Colombia And Entry Into Chile, Ecuador
WASHINGTON (dpa-AFX) - Kidney care services firm DaVita, Inc. (DVA)
announced Tuesday that it has agreed to terms on the expansion of its
international operations in Brazil and Colombia, and its entry into Chile and
Ecuador. The expansion will make DaVita the largest dialysis services provider
in Latin America.
The deal, which is consistent with DaVita's disciplined investment strategy,
involves four separate acquisitions from Fresenius Medical Care for a total
purchase price of $300 million.
The transaction in Chile closed effective today. The transactions in Ecuador,
Colombia and Brazil remain subject to each country's respective anti-trust and
regulatory approval processes, which are each expected to be completed at
various times during 2024.
With the expansion, the Company will have more than 15,000 DaVita teammates
providing high-quality clinical care to more than 60,000 patients in more than
270 clinics.
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