Contact
For Renal Advantage Inc.
(615) 661-1100
Michael D. Klein
Chief Executive Officer
or
Linda M. Meador
Vice President, Human Resources
or
John K. Crawford
Chief Financial Officer
News Releases
Parent Company of Renal Advantage Inc. Completes Acquisition of National Renal Alliance
Contacts:
For Renal Advantage Inc.:
Linda M. Meador
Vice President, Human Resources
615-661-1100
Brentwood, Tennessee (December 31, 2008) – RA Group Holdings, Inc. (RAGH), the parent company of Renal Advantage Inc. (RAI), the third largest for profit provider of dialysis services in the United States, today announced that RAGH has completed its previously announced acquisition of Franklin, Tennessee-based National Renal Alliance, LLC (NRA). Terms of the transaction were not announced.
“We are pleased to announce the completion of our acquisition of National Renal Alliance,” said Michael D. Klein, Chief Executive Officer of Renal Advantage. “We remain confident in our belief that the combination of our two companies’ cultures, philosophies and standards of excellence will serve as a basis for our success in the future, and we look forward to working with National Renal Alliance’s management and employees to accomplish a smooth and seamless transition for patients and physicians. In addition, with 136 dialysis centers in 18 states serving approximately 11,000 patients, we believe we are well positioned as a leader in the industry.”
About Renal Advantage Inc.:
Based in Brentwood, Tennessee, RA Group Holdings, Inc., through its wholly owned entity, Renal Advantage Inc., provides dialysis services to patients with chronic kidney failure, also known as end-stage renal disease (ESRD). With the completion of the acquisition of National Renal Alliance, RA Group Holdings, through its operating companies, provides services to approximately 10,500 patients in 136 dialysis centers in 18 states. RAI also delivers laboratory services through RenaLab, a state-of-the-art independent clinical laboratory located in Jackson, Mississippi. Founded by veteran healthcare executives, RAI’s growth plan began with its acquisition of 73 dialysis centers in October 2005, which was financed in partnership with Welsh, Carson, Anderson & Stowe. For more information, visit RAI’s website at www.renaladvantage.com.