- American Renal Associates (NYSE:ARA) to be acquired by Innovative Renal Care, an affiliate of Nautic Partners in an all-cash transaction for an aggregate enterprise valuation of ~$853M.
- ARA shareholders will receive $11.50 per share in cash, representing an approximate premium of 66% from the last closing price.
- “I have decided to delay my previously announced retirement in order to guide the Company through this transaction and into its next stage. Nautic is a firm with significant healthcare expertise and we are excited by their support as we engage with members of the IRC team for the next chapter of our Company’s growth -- drawing on our deep relationships with our physician partners and our talented staff to continue providing excellent care to end-stage renal disease patients across the U.S. We also want to thank Centerbridge Partners for their thoughtful support over these past 10 years.” said CEO and Chairman Joe Carlucci.
- Shares +65% PM
- Press Release
- Quick look at the company financials and its escalating revenue figures here.
- https://seekingalpha.com/news/3619380-american-renal-associatesplus-65-on-acquisition-nautic-partners-for-853m
Sunday, October 4, 2020
American Renal Associates to be acquired by Nautic Partners for $853M
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