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DaVita Among Dialysis Outlets Facing 9.4% Medicare Cut

DaVita HealthCare Partners Inc., the second-largest dialysis provider in the U.S., fell the most in 21 months after the U.S. Medicare system proposed cutting payments to the industry by 9.4 percent in 2014.

DaVita tumbled 5.9 percent to $114 at the close in New York, its biggest one-day decline since Sept. 29, 2011. Fresenius Medical Care AG, the world’s biggest provider of kidney dialysis, declined 8.7 percent to 49.71 euros in Germany, where the company is based.