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DaVita Inc. (NYSE: DVA) is a leading health care provider focused on transforming care delivery to improve the quality of life for patients globally. With over 20 years of clinical quality and innovation, DaVita is one of the largest providers of kidney care services in the United States. The company operates more than 3,000 dialysis centers globally, serving approximately 250,200 patients, with 2,675 centers in the U.S. and 367 in 11 other countries.
Core Business: DaVita specializes in treating patients with chronic kidney failure and end-stage renal disease. The company provides comprehensive kidney care services, including dialysis treatments, integrated treatment plans, personalized care teams, and convenient health-management services to enhance patients' quality of life.
Recent Achievements: In recent quarters, DaVita has focused on innovation and operational improvements. The company has introduced the Center Without Walls™ (CWOW) platform in collaboration with Google Cloud, leveraging AI and analytics to enhance clinical outcomes. Furthermore, DaVita has integrated its clinical systems to streamline care for its 201,300 patients in the U.S. alone.
Financial Highlights: DaVita reported strong financial performance in 2023, with quarterly and annual growth driven by increased dialysis treatments and improved reimbursement rates. The company has also actively engaged in share repurchases, further solidifying its financial stability.
Partnerships and Projects: DaVita has expanded its international footprint, recently announcing acquisitions in Brazil, Colombia, Chile, and Ecuador. These strategic investments align with DaVita's disciplined growth strategy and aim to enhance its presence in Latin America. Additionally, DaVita has partnered with the American Diabetes Association to tackle chronic disease prevention, particularly focusing on diabetes and kidney disease.
Commitment to Community: DaVita is deeply committed to community well-being, as evidenced by initiatives like the annual Move It With Purpose event, which raised significant funds for the Bridge of Life nonprofit. This event supports global efforts to prevent and treat chronic diseases in underserved communities.
DaVita’s forward-looking initiatives, including investments in integrated kidney care and advanced clinical systems, position the company for sustainable growth and leadership in the health care sector.
DaVita's 15th annual Tour DaVita event successfully raised nearly $1 million for Bridge of Life, a nonprofit dedicated to improving global healthcare. The event, held virtually from October 1–3, saw around 3,400 participants logging over 26,000 miles to raise awareness for kidney disease. Bridge of Life aims to provide healthcare services in underserved areas, especially crucial during the COVID-19 pandemic. Sponsors included AmerisourceBergen and Wells Fargo, underscoring community support for healthcare initiatives.
On November 29, 2021, DaVita Clinical Research published a study highlighting the effectiveness of mRNA COVID-19 vaccines in dialysis patients. The study found that vaccinated patients had a 78% and 73% efficacy against COVID-19 infection from Pfizer/BioNTech and Moderna vaccines, respectively. Vaccinated individuals were also less likely to experience hospitalization or death following breakthrough infections. This research is significant as it addresses a vulnerable group previously underrepresented in vaccine trials, providing reassurance regarding vaccination's protective benefits for over 500,000 Americans with end-stage kidney disease.
DaVita Clinical Research (DCR) will present eight research abstracts at the ASN Kidney Week 2021, taking place from Nov. 4-7. The event will host over 13,000 kidney care professionals discussing advancements in nephrology. DCR's studies will focus on COVID-19 prevention and improving clinical outcomes, including the effectiveness of mRNA vaccines in dialysis patients. Notable abstracts cover predictive algorithms for hospitalizations and safety of treatments in dialysis centers. DCR aims to enhance collaborative efforts in kidney disease management and clinical research.
In November 2021, DaVita and the American Diabetes Association (ADA) collaborate for American Diabetes Month, focusing on the link between diabetes and kidney disease. The initiative aims to educate and provide resources, having reached 35 million people to date. About 1.5 million Americans are diagnosed with diabetes annually, and 37 million live with kidney disease. The campaign promotes preventive measures and includes live discussions and access to kidney-friendly resources. DaVita serves 241,600 patients across over 3,100 outpatient dialysis centers globally.
DaVita Inc. (NYSE: DVA) reported strong financial results for Q3 2021, achieving diluted earnings per share of $2.36, up 84.4% year-over-year. Consolidated revenues reached $2.938 billion, with operating income at $475 million. Operating cash flow was $567 million and free cash flow was $358 million. The company repurchased 2.731 million shares at an average cost of $123.14. Despite challenges from COVID-19 and a tough labor market, DaVita continues to deliver quality care and execute its strategic plan.
DaVita Inc. (NYSE: DVA) will hold a virtual Capital Markets Day on November 16, 2021, from 10:00 a.m. to 12:00 p.m. Eastern Time. Investors can join the live webcast through a provided link on their investor website. The event will discuss the company’s strategies and performance, emphasizing its commitment to improving quality of life for patients while being one of the largest kidney care providers in the U.S. As of June 30, 2021, DaVita served over 204,300 patients across 2,828 outpatient dialysis centers in the U.S. and operates internationally.
DaVita Inc. (NYSE: DVA) will hold its quarterly conference call on October 28, 2021, at 5:00 p.m. Eastern Time to discuss its third quarter results. The results will be available after market close that day. Interested parties can listen via webcast on the DaVita investor relations website, or by dialing in using the provided numbers. DaVita is a leading kidney care provider that serves over 204,300 patients at 2,828 outpatient dialysis centers in the U.S. and operates an additional 331 centers globally.
DaVita Kidney Care announces the appointment of Tina Livaudais as the new chief nursing officer (CNO) during Nephrology Nurses Week. Livaudais brings over 26 years of experience with DaVita, serving in various clinical and leadership roles. As CNO, she aims to enhance clinical excellence and professional growth for nursing staff. The company continues to focus on improving patient care, aiming to be the preferred provider and employer in the kidney care sector. DaVita operates 2,828 outpatient dialysis centers in the U.S., caring for over 204,300 patients.
DaVita Inc. appointed Dr. Gregory Moore as an independent director effective Sept. 9, 2021. With nearly 20 years of healthcare experience, Dr. Moore currently leads Microsoft's Health & Life Sciences division, focusing on digital transformation in healthcare. CEO Javier Rodriguez emphasized that Dr. Moore's expertise will enhance DaVita's efforts to innovate kidney care solutions. Dr. Moore will participate in the Nominating and Governance Committee and the Compliance and Quality Committee. This addition strengthens the Board's diversity, with 33% racial/ethnic and 44% gender representation.
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