This Day On The Street
Continue to site
ADVERTISEMENT
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

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.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,705.19 -40.79 -0.23%
S&P 500 2,108.63 +0.06 0.00%
NASDAQ 5,128.7850 +17.0520 0.33%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs