COLORADO SPRINGS, Colo., April 8, 2016 /PRNewswire/ -- DaVita HealthCare Partners (NYSE: DVA), a leading independent medical group in America and leading global provider of kidney care services, today announced the company's intent to acquire Mountain View Medical Group, a leading independent physician group in Colorado Springs. Under the proposal, Mountain View Medical Group would join the company's HealthCare Partners division. Financial terms were not disclosed.
"Mountain View Medical Group has a history of high clinical performance and a strong reputation in the Pikes Peak region of Colorado," said Joe Mello, chief operating officer of DaVita's HealthCare Partners division. "The prospect of welcoming their group to DaVita HealthCare Partners is very exciting, and we look forward to potentially partnering with them as we expand our medical group's presence in the Colorado market."
Mountain View Medical Group is the second largest independent physician group in Colorado Springs with 50 physicians providing services including family medicine, internal medicine, neurology, OB-GYN, pediatrics and podiatry. The group operates 14 medical office locations caring for more than 80,000 patients.
"Our mission is to enhance the health and lives of our patients and their families and be the provider of choice for the Pikes Peak Region," said Dr. Amy Owen, Mountain View Medical Group's board president. "As independent physician groups working together, we believe we will be able to provide the highest level of quality care to our patients and their families."
The transaction is expected to close in July 2016, subject to negotiation of a final definitive agreement with Mountain View Medical Group, their shareholders' approval of the transaction, regulatory approvals, completion of due diligence and other customary closing conditions.
About DaVita HealthCare Partners
DaVita HealthCare Partners Inc., a Fortune 500® company, is the parent company of DaVita Kidney Care and HealthCare Partners. HealthCare Partners manages and operates medical groups and affiliated physician networks in Arizona, California, Nevada, New Mexico, Florida, Colorado and Washington in its pursuit to deliver excellent-quality health care in a dignified and compassionate manner. As of December 31, 2015 HealthCare Partners provided integrated care management for approximately 807,000 patients. DaVita Kidney Care 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 December 31, 2015, DaVita Kidney Care operated or provided administrative services at 2,251 outpatient dialysis centers located in the United States serving approximately 180,000 patients. The company also operated 118 outpatient dialysis centers located in 10 countries outside the United States. For more information, please visit DaVitaHealthCarePartners.com.
About Mountain View Medical Group
Mountain View Medical Group (MVMG), located in Colorado Springs, Colorado, is a team of professional medical caregivers established at 14 different facilities throughout the Pikes Peak region but with one common goal... "Excellence Inspired by Compassion". MVMG encompasses a spectrum of modalities from family medicine, internal medicine, neurology, OB/GYN, pediatrics and podiatry. The mission of everyone in the organization, including each of the 71 highly qualified Colorado Springs clinicians, is to enhance the health and lives of over 80,000 MVMG patients and their families. For more information, please visit www.MVMG.com.
Forward Looking Statements
This release may contain forward-looking statements within the meaning of the federal securities laws. All statements that do not concern historical facts are forward-looking statements and include, among other things, statements about our expectations, beliefs, intentions and/or strategies for the future, including the prospective performance of or synergies created involving the acquired business. Factors which could impact future results include the uncertainties associated with our ability to complete any acquisition or merger that we might be considering or announce, or integrate and successfully operate any business we may acquire or with whom we merge, and the other risk factors set forth in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent quarterly reports filed on Form 10-Q. Any 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.
DaVita HealthCare Partners
Mountain View Medical Group
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SOURCE HealthCare Partners LLC