Two dial­y­sis com­pa­nies agree to merger deal

Modern Healthcare - - Late News -

Re­nal Ad­van­tage and Lib­erty Dial­y­sis said the two pri­vately held dial­y­sis com­pa­nies reached a deal de­scribed as a merger un­der a hold­ing com­pany, a spokesman said. Terms of the deal were not dis­closed. Pri­vate-eq­uity firms Bain Cap­i­tal, KRG Cap­i­tal Part­ners and Ig­ni­tion Part­ners, in­vestors in Lib­erty Dial­y­sis, will con­tinue to have a stake in the com­bined com­pa­nies, said Todd Smith, a spokesman for the com­pa­nies. Lib­erty Dial­y­sis, Mercer Is­land, Wash., op­er­ates 112 dial­y­sis clin­ics. Re­nal Ad­van­tage—op­er­at­ing with fi­nanc­ing from pri­vate-eq­uity firm Welsh, Car­son, An­der­son & Stowe—runs 150 dial­y­sis cen­ters in 19 states and has an­nual rev­enue of $465 mil­lion. The deal is ex­pected to close by year-end.

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