DENVER, May 21 (UPI) -- Kidney dialysis firm DaVita Inc. of Denver said it had agreed to merge with HealthCare Partners in a $4.42 billion stock and cash deal.
In a statement, the companies described HealthCare Partners as "the largest operator of medical groups and physician networks." It had revenues of $2.4 billion in 2011 with total care dollars under management at approximately $3.3 billion.
The firm also posted an operating income margin of 15 percent on total care dollars under management.
When the deal closes, HealthCare Partners will operate as a separate subsidiary of DaVita HealthCare Partners, the companies said.
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