HealthCare Partners Nevada, a DaVita Medical Group and division of DaVita, Inc. (NYSE: DVA), today announced the closing of the acquisition of WellHealth Quality Care, a multi-specialty medical group and accountable care organization, by one of its affiliated entities. Financial terms were not disclosed.
“WellHealth Quality Care is one of the most respected privately held medical organizations in Nevada, and we look forward to working with this group collaboratively to benefit patients in this community,” said Bard Coats, MD, Nevada market president for DaVita’s Medical Group division.
WellHealth Quality Care has a network of over 3,000 providers across Southern Nevada as well as a multi-specialty medical group with specialties including obstetrics and gynecology, anesthesiology, cardiology, endocrinology and primary care. WellHealth Quality Care has provided optimal care to the residents of Nevada for over two decades and currently operates in 11 locations.
“We’re excited about this union,” said Warren Volker, MD, founder, and CEO of WellHealth Quality Care. “The range of services that each of our groups provides complements one another, and through our integration of care we will provide more access and better care to our patients.”
About DaVita Inc.
DaVita Inc., a Fortune 500® company, is the parent company of DaVita Kidney Care and DaVita Medical Group. 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 December 31, 2016, DaVita Kidney Care operated or provided administrative services at 2,350 outpatient dialysis centers located in the United States serving approximately 188,000 patients. The company also operated 154 outpatient dialysis centers located in 11 countries outside the United States. DaVita Medical Group manages and operates medical groups and affiliated physician California, Colorado, Florida, Nevada, New Mexico, Pennsylvania and Washington in its pursuit to deliver excellent-quality health care in a dignified and compassionate manner. As of December 31, 2016, DaVita Medical Group’s teammates, employed clinicians and affiliated clinicians provided care for approximately 1.7 million patients. For more information, please visit DaVita.com/about.
About DaVita Medical Group
DaVita Medical Group is a division of DaVita Inc., a Fortune 500® company, that operates and manages medical groups and affiliated physician networks in California, Colorado, Florida, Nevada, New Mexico, Pennsylvania and Washington. A leading independent medical group in America, DaVita Medical Group has over two decades of experience providing coordinated, outcomes-based medical care in a cost-effective manner. As of December 31, 2016, DaVita Medical Group’s teammates, employed clinicians and affiliated clinicians provided care for approximately 1.7 million patients. For more information, please visit DaVita.com/about.
About WellHealth Quality Care
WellHealth Quality Care (WHQC) is a diversified healthcare company based in Nevada. It is the largest privately held medical organization that owns and operates WellHealth Medical Group, which employs close to 100 providers, in multiple specialties, at 11 locations in Southern Nevada. In addition to the medical group, WHQC operates WellHealth Medical Associates which is a state-wide network of over 3,000 contracted providers integrated through accountable care arrangements with insurance companies and self-funded health plans. WHQC has emerged as a national leader in delivering health plan design and innovation. As evidenced by WellHealth’s multi-specialty medical group, the network’s comprehensive healthcare delivery system was designed from the ground up to improve the provider, payer, and patient experience by specifically focusing on positive outcome measures and overall patient satisfaction.
Forward Looking Statements
This release may contain forward-looking statements within the meaning of the federal securities laws. All statements that do not concern historical facts are forward-looking statements and include, among other things, statements about our expectations, beliefs, intentions and/or strategies for the future, including the prospective performance of or synergies created involving the acquired business, improvement on physician practices and patient care experience, or increase in patient access to various health care services. Factors which could impact future results include the uncertainties associated with our ability to complete any acquisition or merger that we might be considering or announce, or integrate and successfully operate any business we may acquire or with whom we merge, and the other risk factors set forth in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent quarterly reports filed on Form 10-Q. Any forward-looking statements should be considered in light of these risks and uncertainties. We base our forward-looking statements on information currently available to us at the time of this release, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of changes in underlying factors, new information, future events or otherwise.
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