Healthcare merger will affect 700,000 patients, new company will have $3.8B debt
In the $4.4 billion deal announced Tuesday, Torrance-based Healthcare Partners merged with DaVita, Inc., a Denver-based firm with deep roots and a rocky financial history in Southern California. The merger is the latest example in an ongoing trend toward consolidation in healthcare, and raises a number of red flags for patients, said Anthony Wright, executive director of the consumer advocacy organization Health Access California. The deal will leave the new company, to be based in Denver and called DaVita Healthcare Partners, with $3.8 billion in new debt.
- How Top-Ranked MA Plans Earn Their Stars
- WellPoint Dominates Nearly Half of Markets, AMA Says
- CMS Offers Some ACOs $114M for 'Upfront' Costs
- How Hospitals Can Become 'Upstreamists'
- Ebola: Second TX Nurse Diagnosed After Improper Protective Gear Application
- Providers Ask HHS to Address EHR Interoperability Barriers
- 5 Digital Marketing Efforts Every Hospital Should Try
- 16 Medicare Advantage Plans Earn 5-Star Ratings
- Ebola: A Call for Designated Hospitals
- The Drug Price Reform Debate