DVA - DaVita enters into agreement to expand operations in Brazil and Colombia enter Chile and Ecuador | Benzinga
Expansion would make DaVita the largest dialysis services provider in Latin America
DENVER, March 5, 2024 /PRNewswire/ -- DaVita Inc (NYSE:DVA), a leading provider of kidney care services, today announced 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 deal, which is consistent with DaVita's disciplined investment strategy, involves four separate acquisitions from Fresenius Medical Care for a total purchase price of $300M USD. 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.
Upon completion of the transactions and when combined with DaVita's existing Latin American operations in Brazil and Colombia, 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. As a result, DaVita would become the largest dialysis services provider in Latin America.
"As we welcome thousands of dedicated caregivers to DaVita, we will continue our strategy of combining ...