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August 31, 2015 8:39 PM ET

Healthcare Providers and Services

Company Overview of DaVita HealthCare Partners Inc.

Company Overview

DaVita HealthCare Partners Inc. provides kidney dialysis services for patients suffering from chronic kidney failure or end stage renal disease (ESRD). The company operates in two divisions, Kidney Care and HealthCare Partners. It operates kidney dialysis centers and provides related lab services primarily in outpatient dialysis centers and in contracted hospitals. The company offers outpatient, hospital inpatient, and home-based hemodialysis services; owns clinical laboratories that provide routine laboratory tests for dialysis and other physician-prescribed laboratory tests for ESRD patients; and management and administrative services to outpatient dialysis centers, as well as patient and ...

2000 16th Street

Denver, CO 80202

United States

Founded in 1994

57,900 Employees

Phone:

303-405-2100

Key Executives for DaVita HealthCare Partners Inc.

Chairman of the Board, Chief Executive Officer and Chief Executive Officer of Healthcare Partners
Age: 59
Total Annual Compensation: $1.2M
Interim Chief Financial Officer and Chief Accounting Officer
Age: 53
Total Annual Compensation: $650.0K
Chief Executive Officer of International and President of Healthcare Partners
Age: 55
Total Annual Compensation: $1.0M
Chief Executive Officer of Kidney Care Division
Age: 44
Total Annual Compensation: $800.0K
Chief Legal Officer
Age: 46
Total Annual Compensation: $650.0K
Compensation as of Fiscal Year 2014.

DaVita HealthCare Partners Inc. Key Developments

DaVita HealthCare Partners Names Mark Price as President for its Healthcare Partners Colorado Market

DaVita HealthCare Partners announced it has named Mark Price as president for its HealthCare Partners Colorado market. Price previously worked for ChenMed where he led their Management Services Organization, Practice Management Resources (PMR) division.

DaVita HealthCare Partners Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Year 2015

DaVita HealthCare Partners Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total net revenues of $3,434,618,000 against $3,172,489,000 a year ago. Operating income was $480,548,000 against $484,295,000 a year ago. Income before income taxes was $330,539,000 against $282,308,000 a year ago. Net income attributable to the company was $170,477,000 or $0.78 per diluted share against $147,683,000 or $0.68 per diluted share a year ago. Adjusted net income attributable to the company for the three months ended June 30, 2015 was $207 million, or $0.95 per share, excluding after-tax debt redemption charges of approximately $29 million, or $0.13 per share, and a tax adjustment related to the settlement of the Vainer private civil suit (the Vainer suit) of approximately $8 million, or $0.04 per share. Adjusted net income attributable to the company for the three months ended June 30, 2015, excluding the amortization of intangible assets associated with acquisitions and debt redemption charges, net of tax, and a tax adjustment related the settlement of the Vainer suit, was $233 million and adjusted diluted net income per share was $1.07.  For the six months, the company reported total net revenues of $6,722,583,000 against $6,215,265,000 a year ago. Operating income was $416,392,000 against $925,520,000 a year ago. Income before income taxes was $168,458,000 against $618,896,000 a year ago. Net income attributable to the company was $59,860,000 or $0.27 per diluted share against $330,972,000 or $1.53 per diluted share a year ago. Net cash provided by operating activities was $441,531,000 against $681,498,000 a year ago. Additions of property and equipment were $290,873,000 against $278,593,000 a year ago. Adjusted net income attributable to the company for the six months ended June 30, 2015 was $394 million, or $1.81 per share, excluding after-tax debt redemption charges and an after-tax settlement charge of $305 million, or $1.41 per share, related to the Vainer suit, which has been further updated for a tax adjustment related to the settlement of the Vainer suit of approximately $8 million, or $0.04 per share, in the second quarter of 2015. Adjusted operating income for the six months ended June 30, 2015 was $911 million, excluding a settlement charge of $495 million related to the Vainer suit. Adjusted net income attributable to the company for the six months ended June 30, 2015, excluding the amortization of intangible assets associated with acquisitions, the Vainer suit settlement charge, debt redemption charges, net of tax, a tax adjustment related to the settlement of the Vainer suit, was $446 million and adjusted diluted net income per share was $2.05. Consolidated net debt was $7,545,124,000 as on June 30, 2015. Net debt, net of cash and cash equivalents was $8,291 million as on June 30, 2015. For the year 2015, the company expects 2015 effective tax rate attributable to DaVita HealthCare Partners Inc. to be approximately 39.0% to 40.0%, excluding the Vainer suit settlement charge. The company updating the low end of consolidated operating income for 2015 to now is in the range of $1.825 billion to $1.925 billion. Previous consolidated operating income guidance for 2015 was in the range of $1.800 billion to $1.925 billion. The company updating the low end of operating income for Kidney Care for 2015 to now is in the range of $1.600 billion to $1.650 billion. Previous operating income guidance for Kidney Care for 2015 was in the range of $1.575 billion to $1.650 billion. The company still expects operating income for HCP for 2015 to be in the range of $225 million to $275 million. The company updating consolidated operating cash flow for 2015 to now be in the range of $1.600 billion to $1.750 billion. Previous consolidated operating cash flow for 2015 was in the range of $1.500 billion to $1.700 billion.

DaVita HealthCare Partners Inc., Q2 2015 Earnings Call, Aug 04, 2015

DaVita HealthCare Partners Inc., Q2 2015 Earnings Call, Aug 04, 2015

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