This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,979.13 +59.54 0.35%
S&P 500 1,986.51 +4.91 0.25%
NASDAQ 4,526.4820 -1.0320 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs