DaVita To Buy HealthCare Partners For $4.42B
DaVita Inc (NYSE: DVA) announced its plan to buy HealthCare Partners for $4.42 billion.
The price consists of $3.66 billion in cash and around 9.38 million shares of DVA common stock. The merger is likely to close early in the fourth quarter.
HealthCare Partners' revenue was around $2.4 billion in 2011, while its EBITDA was $527 million. Its 2011 operating income came in at $488 million.
DVA shares closed at $80.81 on Friday.
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Tags: merger and acquisition