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.
- Sharp HealthCare Leaves Pioneer ACO Program
- Acute Kidney Injury Gets New Focus
- CNO Leads $1M Charge for New Scrubs, Uniforms
- Interventional Radiology No Longer a Sub-Specialty
- NFP Hospitals' Revenue Growth at 'All-Time Low'
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- PCI: Concerns Mount About Appropriateness
- Transforming Cancer Care
- MA an Insurance Proving Ground for Providers
- mHealth Tackles Readmissions