DaVita HealthCare Partners to Acquire Colorado Springs Health Partners

DENVER, Oct. 22, 2014 /PRNewswire/ -- DaVita HealthCare Partners Inc. (NYSE: DVA), a leading provider of population health and kidney care services, today announced that HealthCare Partners has entered into an agreement to acquire Colorado Springs Health Partners (CSHP), a multi-specialty medical group with more than 100 physicians at 11 locations throughout the Pikes Peak region.

"By combining a nationally recognized patient-centered physician practice with our existing international footprint and extensive clinical capabilities, we are creating a new paradigm of high-quality, affordable, personalized health care in Colorado," said Kent Thiry, co-chairman and CEO of DaVita HealthCare Partners Inc. "We are especially excited about growing in our home state and look forward to more."

CSHP, established in 1946, has been "Patient-Centered Medical Home" certified by the National Committee on Quality Assurance since 2011 and has been nationally recognized for its success in improving patient blood pressure results through the American Medical Group Association's "Measure Up, Pressure Down" project. CSHP is one of the 74 medical practices in Colorado selected to participate in the Centers for Medicare and Medicaid Services' Collaborative Primary Care Initiative and its care model has statistically shown improvement in patient outcomes along with cost effectiveness.  

"We have long focused on a physician-driven, patient-centric approach to delivering the right care, in the right place, at the right time," stated Deborah Chandler, executive vice president and CEO of CSHP who will remain in her role as Colorado Springs market president after the transition. "CSHP is excited to join forces with HealthCare Partners given their nationally renowned leadership in providing coordinated care that is physician-led, value and outcomes focused, and cost effective."

Chandler and her executive team are anticipating expanding on their successes with the additional support available through the new partnership.

Since 1992, HealthCare Partners has been committed to developing innovative models of health care delivery that help to improve patients' quality of life while containing health care costs. It takes clinical and economic accountability and management responsibility for nearly all of the health care needs of a patient population. This includes the provision of professional services rendered by primary care and specialty physicians as well as the coordination of hospital and other services. HealthCare Partners manages and operates medical groups and affiliated physician networks in California, Nevada, Florida, Arizona, New Mexico, Pennsylvania – and now Colorado – in its pursuit to deliver excellent-quality health care in a dignified and compassionate manner. HealthCare Partners provides integrated care management for more than 800,000 managed care patients.

The acquisition is subject to customary closing conditions and is expected to close during the fourth quarter of this year.

About DaVita HealthCare Partners
DaVita HealthCare Partners Inc., a Fortune 500^® company, is the parent company of DaVita and HealthCare Partners. DaVita is a leading provider of kidney care in the United States, delivering dialysis services to patients with chronic kidney failure and end stage renal disease. As of June 30, 2014, DaVita Kidney Care operated or provided administrative services at 2,119 outpatient dialysis centers in the United States serving approximately 168,000 patients. The company also operated 84 outpatient dialysis centers located in 10 countries outside the United States. HealthCare Partners^® manages and operates medical groups and affiliated physician networks in California, Nevada, Florida, Arizona, New Mexico, and Pennsylvania in its pursuit to deliver excellent-quality health care in a dignified and compassionate manner. As of June 30, 2014, HealthCare Partners provided integrated care management for approximately 829,000 managed care patients. For more information, please visit DaVitaHealthCarePartners.com.

About Colorado Springs Health Partners
Colorado Springs Health Partners is one of the largest multi-specialty practices in Colorado. CSHP proudly offers quality health care to residents of the Pikes Peak region through its 130+ providers in 11 practice locations including a recently new Roundhouse practice on Colorado Springs' west side this past March and a new Monument facility in early 2015. Committed to a coordinated, integrated system of care, CSHP offers primary care and full service diagnostics, ambulatory surgery services, urgent care, hospitalist medicine, health management, a sleep center and more than 20 medical specialties. More information can be found at www.cshp.net.

Forward-Looking Statements
This release contains forward-looking statements within the meaning of the federal securities laws, including statements related to prospective growth, development and strategy for our HealthCare Partners business unit ("HCP"), synergies that might be created among HCP and other business units, and the expected impact on costs and the quality of care and patient outcomes, as well as the overall success of the business combination. These statements may be identified by words such as "expect," "anticipate," "intend," "plan," "believe," "will" or words of similar meaning. Factors which could impact future results include the risks and uncertainties associated with expansion of HCP's operations and services to geographies outside of HCP's existing locations, HCP's ability to successfully integrate and manage acquired businesses, risk that we might not effectively manage the HCP business unit and realize anticipated benefits, costs savings or synergies, and the risk factors set forth in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2013. The forward-looking statements should be considered in light of these risks and uncertainties.  We base our forward-looking statements on information currently available to us at the time of this release, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of changes in underlying factors, new information, future events or otherwise.

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SOURCE DaVita HealthCare Partners Inc.

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