DaVita HealthCare Partners and The Everett Clinic Complete Merger
EVERETT, Wash., March 1, 2016— DaVita HealthCare Partners, a leading independent medical group in America and leading global provider of kidney care, and The Everett Clinic, a nationally recognized physician group, today announced the closing of a previously announced merger, under which DaVita has acquired The Everett Clinic.
“This is a historic day for us,” said Rick Cooper, CEO of The Everett Clinic. “We know we can accomplish great things with DaVita HealthCare Partners as we work together to expand health care services and provide innovative care for our patients.”
The Everett Clinic’s 20 care sites north of Seattle will join DaVita HealthCare Partners’ expanding managed care business, along with more than 2,200 teammates caring for more than 315,000 patients.
“We are honored that The Everett Clinic chose to join DaVita HealthCare Partners,” said Joe Mello, COO of HealthCare Partners. “As we move forward together, we are excited to work with The Everett Clinic as we continue building the leading independent medical group in America.”
About DaVita HealthCare Partners
DaVita HealthCare Partners Inc., a Fortune 500® company, is the parent company of HealthCare Partners and DaVita Kidney Care. HealthCare Partners manages and operates medical groups and affiliated physician networks in Arizona, California, Nevada, New Mexico, Florida and Colorado in its pursuit to deliver excellent-quality health care in a dignified and compassionate manner. As of December 31, 2015 HealthCare Partners provided integrated care management for approximately 807,000 patients. DaVita Kidney Care is a leading provider of kidney care in the United States, delivering dialysis services to patients with chronic kidney failure and end stage renal disease. As of December 31, 2015, DaVita Kidney Care operated or provided administrative services at 2,251 outpatient dialysis centers located in the United States serving approximately 180,000 patients. The company also operated 118 outpatient dialysis centers located in 10 countries outside the United States. For more information, please visit DaVitaHealthCarePartners.com.
About The Everett Clinic
Founded in 1924, The Everett Clinic is a nationally-recognized physician group known for providing high-quality health care services while lowering the overall cost of care. The Everett Clinic operates 20 care sites throughout Snohomish County caring for more than 315,000 patients and employing about 2,200 teammates, including 600 specialty and primary care providers. It serves patients through traditional doctor’s offices, urgent care, lab services, imaging, hearing and vision centers, behavioral health, and cancer treatment. Consistently named as a Fortune Magazine “100 Best Companies to Work For,” The Everett Clinic staff and providers support the core value of doing what is right for each patient.
This release contains forward-looking statements within the meaning of the federal securities laws, including statements related to prospective growth, development and strategy for the HealthCare Partners business unit (“HCP”) of DaVita HealthCare Partners Inc. and the expected impact on quality of care and costs. Factors which could impact future results include the risks and uncertainties associated with expansion of HCP’s operations and services to geographies outside of HCP’s existing locations, general economic and other market conditions, competitive threats, risks that HCP might not be successful in integrating the announced acquisition or in realizing the anticipated benefits and results, and the risk factors set forth in the DaVita HealthCare Partners Inc. filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2015 and subsequent quarterly reports on Form 10-Q. These forward-looking statements should be considered in light of these risks and uncertainties. We base our forward-looking statements on information currently available to us at the time of this release, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of changes in underlying factors, new information, future events, or otherwise.