Buffett’s Berkshire Increases DaVita Stake 4.3% Amid Stock SlideMegan Hickey
Warren Buffett’s Berkshire Hathaway Inc. boosted a stake in DaVita HealthCare Partners Inc. 4.3 percent as the dialysis provider’s stock slid this week on a proposal to cut U.S. Medicare payments to the industry.
Berkshire bought 639,200 DaVita shares on July 2 and 3 for about $73.4 million, according to a regulatory filing today by the Omaha, Nebraska-based investment company. The transactions left Berkshire and entities it controls with more than 15.6 million shares, the filing shows. Davita, based in Denver, fell 6 percent during those two days after the payment proposal.