Renal-care provider Fresenius Medical Care said its subsidiary, U.S. Vascular Access Holdings, has completed its acquisition of National Vascular Care, a Rosemont, Pa.-based company that develops, owns and manages specialty outpatient surgery centers focused on vascular care.
Fresenius subsidiary acquires National Vascular
The combined companies will operate as Fresenius Vascular Care and provide services to 12 vascular access centers and more than 15 physician practices, according to Fresenius. Ronald Rogers, the co-founder, CEO and chairman of National Vascular Care, will serve as the new company's president.
“We believe that the system's demand for efficiency will continue driving the shift in these types of procedures from hospital settings to outpatient surgery centers, delivering the corresponding benefits of ease of use for physicians combined with a lower overall cost for payors,” said William Valle, senior vice president of Fresenius Medical Care, in a news release about the deal. “We believe that the model of partnering with leading physicians to provide superior patient outcomes will allow Fresenius Vascular Care to grow at an attractive rate,” he added.
Fresenius has a network of 2,509 dialysis clinics in North America, Latin America, Europe, Asia-Pacific and Africa and provides treatment to more than 192,000 patients.
Terms of the deal were not disclosed.
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