DaVita HealthCare Partners (NYSE: DVA), 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 clinic's stakeholders voted to approve a previously announced merger plan. Under the agreement, DaVita HealthCare Partners will acquire The Everett Clinic. Financial terms were not disclosed.
"This vote is recognition of the significant value that DaVita HealthCare Partners brings to our shared vision of growth and innovation," said Rick Cooper, CEO of The Everett Clinic. "DaVita HealthCare Partners is not only investing in our patients, they are investing in our community."
Pending pre-closing activities, 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.
"The Everett Clinic's guiding principles align so well with our own – physician leadership, patient centered care, clinical focus," said Joe Mello, COO of HealthCare Partners. "We're honored their stakeholders approved of this combination and believe in our vision."
The transaction is expected to close on or around March 1, subject to execution of a final definitive agreement.
About DaVita HealthCare
Partners DaVita HealthCare Partners Inc., a Fortune 500® company, is the parent company of DaVita Kidney Care and HealthCare Partners. 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 September 30, 2015 HealthCare Partners provided integrated care management for approximately 808,000 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 September 30, 2015, DaVita Kidney Care operated or provided administrative services at 2,225 outpatient dialysis centers located in the United States serving approximately 177,000 patients. The company also operated 104 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, locally-owned physician group known for providing high-quality healthcare services while lowering the overall cost of care. It has 500 providers in primary and specialty care at nine locations throughout Snohomish County, Wash. who care for more than 300,000 patients. 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.