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Davita Healthcare history
Davita Healthcare company history timeline
DaVita acquires the company which was founded in 1992 by a group of physicians who believed in a coordinated and patient-centered approach to high-quality care.
In 1992, 33 percent of dialysis facilities were based in hospitals.
Next, he served a four-year term as chairman and chief executive officer of Total Pharmaceutical Care Inc., leaving in 1993 to assume the office of chief executive officer of Abbey Healthcare Group Inc.
The company was founded in 1994 and is headquartered in Denver, CO.“
1994: Medical Ambulatory Care is spun off as Total Renal Care Holdings, Inc.
For Chaltiel, the progress by this point was merely a prelude to far more ambitious plans, for which he prepared by completing an initial public offering (IPO) of stock in October 1995.
The company nearly doubled in size in little more than a year, adding 31 outpatient facilities and 20 inpatient contracts with hospitals by the end of 1995.
1995: Total Renal Care Holdings completes its initial public offering of stock.
The expansion achieved during 1996 was unprecedented in scale, but Chaltiel soon established a new benchmark to measure the company's expansion, by completing a deal that positioned Total Renal Care near the top of its industry.
During the 1980s and 1990s, however, a new breed of operators began to emerge: multi-center dialysis companies with national, if not global, aspirations of market domination. For example, seven major multi-facility dialysis providers owned 45 percent of the 3,000 facilities in operation in 1996, a sharp increase from the 30 percent they operated four years earlier.
In November 1997, the company announced that it had agreed to acquire its closest competitor, Renal Treatment Centers.
Turnaround Beginning in 1999
1999: After struggling to absorb Renal Treatment Centers, the company appoints Kent Thiry as its new chief executive officer.
March 2000: New CEO Kent Thiry and others take over leadership duties and work to transform the company and unite its workforce through a mission-and values-based approach.
May 2000: More than 600 of the company’s leaders gather to vote on the new name DaVita (an Italian phrase meaning “to give life”) and the company’s Core Values.
November 2001: “The DaVita Way” is introduced at the first national meeting, Villagewide.
By 2002, there were 309,000 individuals in the nation who required DaVita's services.
2005: DaVita acquires Gambro, doubling its number of dialysis centers and symbolizing the capstone of its remarkable turnaround.
2010: DaVita implements multiple voluntary quality improvement measures, including an in-house benchmarking tool and a nationally recognized vaccination program to help improve patients’ lives.
2011: International expansion of the Village begins.
2012: DaVita joins forces with HealthCare Partners, known today as DaVita Medical Group.
2017: DaVita launches the Executive Inclusion Council to help create a strategy for diversity and inclusion for all of its teammates.
2018: DaVita is selected for the 2018 Bloomberg Gender-Equality Index (GEI), which recognizes global organizations for their work in advancing gender equality.
As of 2019, DaVita has a presence in 10 countries outside of the United States.
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Davita Healthcare competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Renal Ventures Management | 1997 | $83.0M | 800 | - |
| Ppg Healthcare-sng Dialysis-tarrant Nephrology Associates | - | $29.0M | 750 | - |
| Davita Rx | 2005 | $34.9M | 291 | - |
| U.S. Renal Care | 2000 | $130.0M | 1,171 | 690 |
| Sheridan Healthcorp Inc | - | $150.0M | 1,195 | - |
| American Renal Associates Holdings | 1999 | $822.5M | 4,030 | 321 |
| Centers for Dialysis Care | 1973 | $2.1M | 35 | 13 |
| First Choice Emergency Room | 2002 | $26.0M | 438 | - |
| Renal Advantage | 2005 | $1.1M | 50 | - |
| Gambro Healthcare | 1964 | $4.3M | 50 | - |
Davita Healthcare history FAQs
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Davita Healthcare may also be known as or be related to DaVita Healthcare Partners and Davita Healthcare.