THE DEAL: Kidney dialysis services provider DaVita Inc. said Monday that it has agreed to buy the doctor network operator HealthCare Partners in a cash-stock deal worth about $4.42 billion.
THE TERMS: Denver-based DaVita said it will pay about $3.66 billion in cash and contributed common stock valued at $758 million as of last Friday to the deal. It also could pay an additional $275 million in cash if HealthCare Partners achieves performance targets this year and next.
THE TARGET: HealthCare Partners manages and runs medical groups and doctor networks, with operations in California, Nevada and Florida. It coordinates care for more than 667,000 patients and provides primary and specialty doctor care. HealthCare Partners had $2.4 billion in revenue last year.