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Stock Market & Financial Investment News

News Breaks
April 16, 2014
09:51 EDTDVA, FMSRevised CMS ruling favorable for dialysis providers, says Wells Fargo
Wells Fargo said the Centers for Medicare & Medicaid Services eliminated the impact of the rebase in its revised rules from for its proposed accountable care demonstration project for dialysis providers, which is a positive for the providers. The firm keeps an Outperform rating on DaVita HealthCare (DVA) and a Market Perform rating on Fresenius Medical (FMS).
News For DVA;FMS From The Last 14 Days
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October 22, 2014
20:03 EDTDVADaVita Kidney Care finalizes DOJ Settlement
DaVita Kidney Care, a division of DaVita HealthCare Partners announced it has finalized its comprehensive settlement with the U.S. Department of Justice, or DOJ, and certain other federal agencies regarding allegations of improperly structured joint ventures with certain physician partners. As announced in February, DaVita Kidney Care will be subject to a Corporate Integrity Agreement and an independent monitor to oversee certain future joint ventures. The agreement also includes a repayment to the government and a provision requiring executive certification of quarterly and annual compliance reports.
13:35 EDTFMSFresenius Medical acquires National Cardiovascular Partners
Fresenius Medical Care announced the acquisition of National Cardiovascular Partners, or NCP. The parties involved agreed not to disclose the financial terms of the acquisition. The company expects NCP to generate in excess of $200M in revenue in 2015 and expects the investment to be accretive to earnings in the first year after closing. The investment will be financed through available cash and committed credit facilities, supplemented by additional debt financing. NCP is the leading operator of endovascular, vascular and cardiovascular services in the comfort and convenience of the outpatient setting. In partnership with over 200 physicians, NCP operates 21 outpatient vascular centers in six states.
06:42 EDTDVADaVita to acquire CSHP
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October 19, 2014
14:18 EDTFMSFresenius, others explore bid for Danone medical nutrition unit, Reuters says
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October 15, 2014
11:02 EDTDVAWashington Trust provides $4.84M in financing for Connecticut building
Washington Trust's Commercial Real Estate Group recently provided $4.84M to Newtown Medical Office I to finance the construction of a two-story suburban medical office building in Newtown, Connecticut. The building will feature 25,806 square-feet of rentable space. More than 9,400 square-feet of the building is leased to national dialysis treatment providers, DaVita, a division of DaVita HealthCare Partners (DVA). The Washington Trust Company is a subsidiary of Washington Trust Bancorp (WASH).

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