DSI Buys 54 Dialysis Clinics from Fresenius
- Apr 12, 2012
DSI Renal announced that it has acquired 54 dialysis clinics from Fresenius Medical Care AG & Co. KGaA.
Nine of the clinics are located on Oahu. The transaction triples DSI’s national footprint to 85 clinics in 23 states. Following the transaction, DSI and it will become the fourth largest for-profit provider of outpatient dialysis services in the U.S.
“On a local level, we’re creating jobs that will bolster Nashville’s economy, and we’re also helping to foster competition in markets across the country for thousands of people who rely on clinics like ours to provide life-saving dialysis treatment,” said Craig Goguen, President and CEO of DSI Renal.
The acquisition was prompted by a divestiture order from the Federal Trade Commission (FTC), who sought to ensure consumers’ continued access to choice in a competitive health care marketplace. The Pacific Business News reported that last year, Fresenius announced its plan to purchase 260 clinics of rival dialysis provider Liberty Dialysis Holdings Inc. In February, federal regulators asked the company to sell 60 clinics in 19 states, including eight of the existing Oahu clinics, plus the new location planned for Waipahu.
In other news, the Hawaii House of Representatives approved more than $602 million in funding for the development of car rental facilities and road improvement projects at the Honolulu International and Kahului airports. The Pacific Business News reported that the state would sell $500 million in bonds and extend an increase in the rental vehicle surcharge tax until June 30, 2013, to finance the projects.
Honolulu International Airport is expected to receive $347.1 million, including $43 million for an interim rental car facility. Between 2012 and 2016, the development of the project will generate 3,605 jobs. Another 2,954 jobs will be created in Kahului, the newspaper reports.