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Fresenius Medical to Buy Liberty Dialysis for $1.7 Billion

Fresenius Medical Care AG agreed to buy Liberty Dialysis Holdings Inc. for $1.7 billion, one of two acquisitions announced today to expand its U.S. clinic network.

Liberty Dialysis, a closely held company based in Mercer Island, Washington, has 260 clinics with annual revenue of about $1 billion, Bad Homburg, Germany-based Fresenius Medical said in a statement today. The deal is expected to close early next year, the German company said. Fresenius Medical also will buy U.S.-based American Access Care Holdings LLC for $385 million.