Ambulatory Services Of America And Innovative Dialysis Systems Acquire Dialysis Centers From Kidney Centers, Inc.
NASHVILLE, Tenn. and LONG BEACH, Calif., Jan. 3, 2013 /PRNewswire/ -- Ambulatory Services of America, Inc. (ASA) and its subsidiary, Innovative Dialysis Systems, announced today that they have acquired majority interests in six dialysis joint ventures and an acute dialysis program from Kidney Centers, Inc. (KCI) and affiliates of KCI. The six acquired dialysis facilities are located in the San Fernando Valley area of Los Angeles and provide care to more than 700 patients. The acute dialysis program provides services to eight hospitals. ASA did not disclose the terms of the transaction, which closed on December 31, 2012.
"Given the strong presence of Innovative Dialysis in the Los Angeles area, we had long known of KCI, and we appreciated its physician joint venture model, which is much like ours," said Timothy Martin, the Chief Executive Officer of ASA and Innovative Dialysis. "At Innovative Dialysis we prefer to operate in joint ventures with physicians where our nephrologist-partners can take the lead in providing high-quality care to patients with ESRD, and we can support them by taking care of the business aspects of running dialysis facilities. We look forward to working with the staff at these facilities as well as their physician partners."
The six acquired facilities are Kidney Dialysis Center of Northridge, Kidney Center of Panorama City, Kidney Center of Sherman Oaks, Kidney Center of Van Nuys, Kidney Dialysis Center of Verdugo Hills, and Kidney Dialysis Center of West Los Angeles.
"We have spent the last 13 years working to develop these centers with our physician partners while providing excellent care to our patients. Over that period, these six centers have grown to provide care to more than 700 patients. We are confident that ASA and Innovative Dialysis will continue to work with our former partners to build on our legacy," said Kant Tucker, M.D., Chief Executive Officer of Kidney Centers, Inc.Ambulatory Services of America, headquartered in Brentwood, Tennessee, is a health care services company that provides alternative site services in partnership with physicians. After the acquisition of KCI, ASA manages 85 dialysis programs that provide care to approximately 7,000 patients. Innovative Dialysis owns interests in and manages 79 of these dialysis programs, which are located in 13 states and the territory of Guam. Innovative Dialysis also provides management services only to four additional dialysis programs and acute dialysis services to 26 inpatient providers. In addition, ASA, through Radiation Oncology Services of America, owns interests in and manages 17 radiation oncology centers in five states. SOURCE Ambulatory Services of America, Inc.
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