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DaVita to Expand in Orlando with Family Health Care Buyout

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DaVita Healthcare Partners Inc. (DVA - Free Report) has entered into a definitive agreement to acquire Family Health Care of Central Florida to expand its presence in Orlando metro area.

Per the agreement, Family health Care will join DaVita’s JSA Medical Group, a leading provider of primary care services in Central Florida.

The stock price gained 0.03% on May 20, 2016 after the deal was announced on May 19.

Family Health Care of Central Florida serves thousands of patients in the Orlando metro area and Osceola County. The company has been functional for over thirty years in the health care space and provides comprehensive health care to families across the region through its offices in Kissimmee, St. Cloud, and Poinciana.

Offices of DaVita are well staffed with board certified medical professionals. These professionals specialize in family medicine with an emphasis on care of children, disease management and care of senior citizens. It has 13 providers and more that 70 teammates. That makes the company worth buying for DaVita.

DaVita Healthcare, which currently carries Zacks Rank #3 (Hold) is well known in the healthcare sector as a leading provider of integrated care management, especially in Kidney care. The company focuses on continually strengthening its profile though organic and inorganic growth. It had recently proposed to acquire Mountain View Medical Group, an independent physician group in Colorado Springs and this transaction is expected to close in second half of this year.

DaVita’s first-quarter 2016 earnings beat The Zacks Consensus Estimate by 5.75%, while the HealthCare Partners segment revenues inched up 6.6% year over year.

Some better-ranked stocks in the healthcare sector are Healthsouth Corp. with a Zacks Rank #1 (Strong Buy), Almost Family, Inc and Pharmerica Corp. with a Zacks Rank #2 (Buy).

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