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news.RA Group Holdings, the parent company of Renal Advantage, and a provider of dialysis services in the US, has signed a definitive agreement to acquire Franklin, Tennessee-based National Renal Alliance. The transaction is expected to close by the end of 2008. Terms of the transaction were not announced.
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Upon completion of the transaction, RA Group Holdings (RAGH), through its operating companies, will serve approximately 10,500 patients in 136 dialysis centers in 18 states. Laboratory services to its dialysis centers as well as to the renal dialysis industry are also provided through its wholly owned laboratory, RenaLab, located in Jackson, Mississippi.
Joseph Cashia, founder and CEO of National Renal Alliance, said: “We believe this transaction is in the best interests of our patients and associates. It provides an opportunity to realize the value of our assets and leaves our associates in the hands of a trusted employer and proven provider.
“I have great respect for Renal Advantage’s management team, and I trust them to continue to carry out our stated mission, which emphasizes strong loyalty to local autonomy, physician leadership, hospital alliances and clinical excellence.”