Renal Care Group said it will acquire, in separate transactions, National Nephrology Associates, Nashville, for $345 million and Midwest Kidney Centers and affiliated companies, Peoria, Ill., for undisclosed terms. The addition of National Nephrology will expand Renal Care's network by 87 dialysis facilities in 15 states and add acute-care contracts with 55 hospitals. Under the deal, Renal Care will pay $167 million in cash for National Nephrology and assume the company's debt. Completion of the deal is subject to expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. Midwest Kidney will be acquired from a company owned by three Peoria-based providers -- St. Francis Health System, Methodist Hospital and Renal Associates. The deal, which requires state approval, includes 14 dialysis centers. Nashville-based Renal Care said it plans on making other acquisitions this year. The company owns more than 285 outpatient dialysis facilities and provides dialysis services to more than 120 hospitals. -- by Julie Piotrowski
Renal Care enters acquisition phase with two deals
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