HEALTH - Los Angeles Times
Advertisement

HEALTH

Share via
Times Staff and Wire Reports

Total Renal Buys Caremark Unit for $49 Million: The provider of dialysis services for patients suffering from chronic kidney failure said it acquired the nephrology services business of Caremark International Inc. for $49 million. The Torrance-based company said the purchase of Northbrook, Ill.-based Caremark’s kidney treatment facilities in Northern California and the Midwest will expand Total Renal Care Holdings Inc.’s business and allow economies of scale, a Total Renal spokeswoman said. The acquired operations had 1995 revenue of $46.8 million. The acquisition adds 32 dialysis facilities that serve more than 1,400 patients to Total Renal dialysis operations. Caremark said the sale will allow it to focus on its other businesses.

Advertisement