Kent Thiry, chairman and CEO of DaVita, , said: “We are excited to work with the Everett team as we improve healthcare delivery and expand the leading independent medical group in America.”
Modern Healthcare said that DaVita didn’t disclose the deal’s financial terms. Everett wants to stay independent from health systems in the face of physician groups coming under increasing pressure to merge with hospitals. “It’s a seller’s market for physician groups,” notes the news service, “and health systems have proven that they’re able to absorb docs while keeping practice costs down, despite previous doubts. ”
Interestingly, Everett was a demonstration site for Medicare Accountable Care but after six years decided that Medicare managed care, or Medicare Advantage, was its best fit.