DaVita To Buy HealthCare Partners For $4.42B

DaVita Inc

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.