DaVita Taps Malaysian Market - Analyst Blog
05 Diciembre 2012 - 9:20AM
Zacks
Recently, DaVita Inc. (DVA) announced the
acquisition of Tulips Dialysis Centre – a hemodialysis center near
Kuala Lumpur in Malaysia. Additionally, the company opened two
dialysis centers in the greater Kuala Lumpur area as a joint
venture with Seri Setia Group. The financial and other terms of the
acquisition as well as the joint venture were not divulged.
Tulips Dialysis Centre is operating with 10 stations in Kota
Damansara, which is situated 20 kilometers east of Kuala Lumpur.
Meanwhile, the new centers have been opened in central Kuala Lumpur
and Selangor with 19 and 6 stations, respectively.
DaVita is slowly expanding in international markets along with
growing domestically through acquisitions and alliances. In the
first nine months of 2012, DaVita acquired 71 dialysis centers,
opened 48 centers and merged or sold 8 centers in the U.S., while
10 centers were acquired or opened outside the U.S.
DaVita has ventured into Saudi Arabia, China, India and Germany
over the past two years. The company purchased a controlling
interest in a Saudi Arabian kidney care company – Lehbi Care,
announced a joint venture with 3SBio Inc. (SSRX),
a China-based biotechnology company and increased its stake in
NephroLife, an India-based kidney care company, so far in 2012.
Further, in November 2011, the company acquired ExtraCorp, a German
company that owns two dialysis centers and manages two others.
Domestically, DaVita acquired ModernMed in January 2012 and DSI
Renal Inc. in September 2011. Additionally, the company merged with
HealthCare Partners in November 2012, which will support and
augment its primary care and specialty physician services as well
as hospital and other healthcare services.
DaVita seeks to expand its presence internationally and has been
looking for acquisition and partnership opportunities in all major
European and Asian countries. We expect that the company will
involve itself in more meaningful mergers and acquisitions in the
near future, given its strong international reputation that
provides competitive advantage in terms of global acquisitions.
DaVita currently carries a Zacks #3 Rank (short-term Hold).
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