MENLO PARK, Calif., and SEATTLE―Frazier Healthcare and New Enterprise Associates (NEA) today announced a partnership to acquire 30 dialysis clinics from DaVita and DSI Renal. The resulting new platform company, DSI, will focus on delivering high-quality of care for patients suffering from chronic kidney failure or end stage renal disease ("ESRD"). The company is co-founded by industry veterans Robert Lefton and Craig Goguen, who will serve as executive chairman and CEO, respectively.
"Frazier and NEA have created a platform opportunity for DSI to rapidly scale the business and become a leading provider of dialysis care in the U.S.," said Mr. Lefton. "I am excited to work in partnership with these firms, along with Craig and members of the former DSI Renal team, to aggressively build a world-class healthcare franchise that provides this life-sustaining therapy."
Mr. Lefton previously served as CEO of Odyssey Healthcare, which was the largest hospice business in the United States when it was acquired by Gentiva Health in 2010. He brings more than 30 years of industry experience, with deep knowledge of growth strategies in both acute care and post-acute care provider settings. Mr. Goguen, who formerly served as COO of Odyssey Healthcare and prior to that spent a number of years with DaVita, has extensive expertise in dialysis services.
"This is a unique opportunity to bring together a strong incumbent management team from DSI Renal with a new leadership team that has a proven track record in building large, scalable healthcare services businesses," said Goguen. "We will bring the full weight of DSI's team, protocols and practices to bear for the benefit of the ESRD patient population that we are serving."
