DENVER—DaVita Inc. has acquired controlling interest in NephroLife, a Bangalore, India-based kidney care company.
“DaVita NephroLife is a strong cultural fit with DaVita," said DaVita Chairman and CEO Kent Thiry. “While it will take time for this venture to realize returns, this is a logical, long-term opportunity."
DaVita had previously announced making a minority investment in the company. Specific terms of the deal were not disclosed.
“This is a unique opportunity in a region where DaVita has focused its attention," said Dennis Kogod, DaVita Chief Operating Officer. “We will continue that focus in India and other areas in the Asia-Pacific region."
NephroLife currently operates nine clinics in India, offering a range of nephrology care including dialysis and vascular surgery.
“India represents a positive, long-term opportunity with transformational growth in the health care arena," said Atul Mathur, DaVita’s president for the Asia-Pacific region.
DaVita is currently providing dialysis services in the Asia-Pacific region in Singapore and has an agreement to develop and operate dialysis clinics in Malaysia.
Bridge of Life - DaVita Medical Missions, a nonprofit organization founded by DaVita, has been conducting missions in rural India since 2008. The focus has been opening dialysis clinics in Phalodi and Jodhpur, updating the clinic’s water purification systems, and providing extensive training for over one hundred kidney care professionals.
Click HERE to read more about Bridge of Life-DaVita.
“Our vision is to become a role model for health care," said DaVita NephroLife’s Managing Director Shriram Vijayakumar. “Our innovative, integrated care has strong economic value for society."