Centura Health and DaVita HealthCare Partners Form New Joint Venture in Colorado and Kansas
(ENGLEWOOD, COLO.) Centura Health and DaVita HealthCare Partners (NYSE: DVA) today announced a new joint venture to offer a differentiated health care delivery model that will help optimize health care value and lower costs for consumers in Colorado and Kansas. The two partners will combine their expertise to provide enhanced resources that increase coordination of care, equip care providers with sophisticated analytical tools and focus on prevention.
The new entity will be based in Colorado and jointly owned 50/50 by Englewood-based Centura Health and Denver-based DaVita HealthCare Partners.
We are excited to partner with Centura Health, and to help providers effectively participate in the shift from volume to value-based care, said Kent Thiry, co-chairman and CEO of DaVita HealthCare Partners and CEO of HealthCare Partners, which serves 829,000 managed care patients in five states. We are deeply committed to innovative models that provide high quality health care while containing costs.
Together, Centura Health and DaVita HealthCare Partners will arm primary care providers, specialists and Centura Health acute and ambulatory care facilities with a range of services and tools. These include care coordination, disease management, risk stratification, consumer engagement and more.
This new health care model can lessen the complexity, confusion and fragmentation of health care for consumers by helping care providers to be more effective in making critical decisions about consumer care, reducing unnecessary costly medical interventions and rewarding providers for helping consumers actively manage and maintain their health.
The new joint venture combines the expertise of the regions leading health care system and a nationally recognized leader in physician-centric coordinated care. It will be used to power Colorado Health Neighborhoods (CHN), Centura Healths physician-led network of providers.
This unique joint venture with HealthCare Partners will accelerate our efforts to transform the health care delivery system to better position providers to meet the health care needs of consumers, said Gary Campbell, president and CEO, Centura Health. Together, we will partner with CHN to elevate the traditional, trusting provider-patient relationship with the most innovative tools and technology, raising the bar on health care delivery to deliver high-value, personalized care.
About Centura Health
Centura Health connects individuals, families and neighborhoods across Colorado and western Kansas with more than 6,000 physicians and 17,100 of the best hearts and minds in health care. Through our 15 hospitals, six senior living communities, health neighborhoods, physician practices and clinics, home care and hospice services, and Flight For Life Colorado, we are making the regions best health care accessible and affordable in every community we serve. We believe you can inspire the people you care about to live healthier lives by encouraging them to do the little things that can make a big difference. Were Centura Health, and were here for your health. For information about Centura Health or any of the facilities in our network, please visit Centura Health website.
About DaVita HealthCare Partners
DaVita HealthCare Partners Inc., a Fortune 500 company, is the parent company of DaVita and HealthCare Partners. DaVita is a leading provider of kidney care in the United States, delivering dialysis services to patients with chronic kidney failure and end stage renal disease. As of June 30, 2014, DaVita Kidney Care operated or provided administrative services at 2,119 outpatient dialysis centers in the United States serving approximately 168,000 patients. The company also operated 84 outpatient dialysis centers located in 10 countries outside the United States. HealthCare Partners manages and operates medical groups and affiliated physician networks in California, Nevada, Florida, Arizona and New Mexico in its pursuit to deliver excellent-quality health care in a dignified and compassionate manner. As of June 30, 2014, HealthCare Partners provided integrated care management for approximately 829,000 managed care patients. For more information, please visit DaVita HealthCare Partners website.
This release contains forward-looking statements within the meaning of the federal securities laws, including statements related to prospective growth, development and strategy for the HealthCare Partners business unit (HCP) of DaVita HealthCare Partners Inc. and the expected impact on quality of care and costs. Factors which could impact future results include the risks and uncertainties associated with expansion of HCPs operations and services to geographies outside of HCPs existing locations, general economic and other market conditions, competitive threats, risks that HCP might not be successful in consummating the announced joint venture transaction or, if consummated, effectively managing the joint venture along with the joint venture partner and realizing anticipated benefits and results, and the risk factors set forth in the DaVita HealthCare Partners Inc. SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2013 and subsequent quarterly reports on Form 10-Q. The forward-looking statements should be considered in light of these risks and uncertainties. We base our forward-looking statements on information currently available to us at the time of this release, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of changes in underlying factors, new information, future events, or otherwise.
Centura Health Manager, Strategic Communications
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HealthCare Partners Vice President, Marketing
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DaVita HealthCare Partners Supervisor, Communications