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DaVita to Acquire Mountain View, Expand Footprint in Colorado

DaVita HealthCare Partners Inc. DVA intends to acquire Mountain View Medical Group to enhance its kidney care services and extend footprint in Colorado Springs. Financial details of the deal remained undisclosed.

Per the proposal, Mountain View will be joining the acquirer’s HealthCare Partners division. The deal is expected to culminate in Jul 2016.

Mountain View is the second-largest physician group in Colorado Springs. The company operates independently and provides services such as family medicine, internal medicine, neurology and pediatrics to name a few. Mountain View caters to more than 80,000 patients through 14 medical office locations.

Joining forces with DaVita HealthCare will help Mountain View to improve the health and lives of its patients as well as their families. In addition, Mountain View aims to become the most preferred healthcare provider for Colorado’s Pikes Peak region. Armed with DaVita’s capabilities, the company has taken a step forward toward its goal.

Mountain View’s superior clinical performance and solid reputation in the Pikes Peak region will enable the acquirer to boost its services and expand its operations in Colorado.

The company regularly undertakes strategic acquisitions to enhance its growth profile. To that end, in Sep 2015, the acquirer announced its intention to acquire Seattle-based The Everett Clinic to boost its healthcare delivery. The transaction was closed in Mar 1, 2016.

Zacks Rank and Stocks to Consider

Currently DaVita HealthCare carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the medical sector include Almost Family Inc. AFAM, Amedisys Inc. AMED and Arbutus Biopharma Corporation ABUS. Each of these stocks holds a Zacks Rank #2 (Buy).

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AMEDISYS INC (AMED): Free Stock Analysis Report
 
DAVITA HEALTHCR (DVA): Free Stock Analysis Report
 
ALMOST FAMILY (AFAM): Free Stock Analysis Report
 
ARBUTUS BIOPH (ABUS): Free Stock Analysis Report
 
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