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DaVita Inc. provides comprehensive kidney care through a global dialysis and care-delivery network. Company news commonly covers quarterly operating results, revenue per treatment, patient care costs, reimbursement trends, share repurchases and investor conference participation.
Updates also address DaVita's value-based kidney care programs, coordinated care arrangements, and services that support patients across stages and settings of kidney disease, including home support, outpatient dialysis centers, hospitals, skilled nursing facilities and transplantation-related care.
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DaVita Inc. (NYSE: DVA) has scheduled its quarterly conference call to discuss first-quarter results on May 8, 2023, at 5:00 p.m. Eastern Time. The results will be released after the market closes on the same day. The call will be available via webcast on the DaVita investor relations webpage. Investors can join by dialing 877-918-6630 (or 517-308-9042 internationally) and using the password 'Earnings'. For those unable to attend, a replay will be accessible on DaVita's website without a telephone replay option. As of December 31, 2022, DaVita served 200,000 patients across 2,724 outpatient dialysis centers in the U.S. and operated 350 centers in 11 other countries, focusing on improving care delivery and clinical outcomes for kidney health.
Lex Ferenda Litigation Funding LLC (LF2) announced its expansion into Denver, Colorado, welcoming Andrew Kelley as Managing Director of Underwriting and Risk. Kelley, previously with DaVita Inc. (NYSE: DVA), brings extensive experience in dispute resolution, reportedly recovering hundreds of millions for clients. This strategic move aims to enhance LF2's capabilities in the US litigation finance market, promising quicker decisions and improved client engagement. The firm emphasizes its commitment to high standards in risk management and investment processes, fostering supportive partnerships for clients navigating litigation costs.
Medtronic and DaVita have launched Mozarc Medical, an independent kidney health technology company aimed at enhancing patient care. Announced on April 1, 2023, Mozarc Medical will leverage expertise from Medtronic's former Renal Care Solutions unit and DaVita's leadership to innovate in kidney health technologies. CEO Ven Manda emphasized the need for patient-centered solutions, particularly as demand for in-home kidney care rises. Both companies hold equal equity stakes in Mozarc Medical, which had combined revenues of $64 million, $63 million, and $70 million in the first three quarters of Medtronic's fiscal year 2023.
On March 13, 2023, DaVita Inc. (NYSE: DVA) announced that its Chief Financial Officer, Joel Ackerman, will participate in a fireside chat at the Barclays 2023 Global Healthcare Conference on March 14, 2023, at 3:05 p.m. EDT. Investors can access the live webcast by visiting the Barclays page and registering for free. DaVita, a leader in kidney care services, serves 200,000 patients across 2,724 outpatient dialysis centers in the U.S. and 350 centers in 11 other countries.
DaVita Inc. reported financial results for Q4 and the year ended December 31, 2022, with consolidated revenues of $2.917 billion for Q4 and $11.610 billion for the full year. Operating income for Q4 was $256 million while adjusted operating income reached $317 million. Diluted EPS from continuing operations was $0.59 for Q4 and $5.71 for the year. Notably, total U.S. dialysis treatments showed a daily decrease of 1.3% from the prior quarter. The company faced challenges with rising patient care costs and significant expenses linked to center closures and advocacy efforts against union initiatives.
DaVita Inc. (NYSE: DVA) announced on February 1, 2023, its upcoming quarterly conference call scheduled for February 22, 2023, at 5:00 PM Eastern Time to discuss its fourth quarter and full year results. The results will be released after the market closes on the same day. Investors can access the call via a dedicated webcast or by dialing in. DaVita is a leading healthcare provider specializing in kidney care, serving approximately 200,000 patients across 2,776 outpatient dialysis centers in the U.S. and 352 centers in 11 other countries as of September 30, 2022. For more information, visit DaVita.com/About.