DaVita's 1Q Weaker Than Expected, but Shares Remain Attractive
Narrow-moat DaVita posted first-quarter results that came in modestly below our expectations, but the firm appears on track to meet our outlook for the full year. The underlying source of weakness was same-facility treatment growth, which continued to decelerate to 2.4% from 2.6% in the fourth quarter of 2018. Both figures are the lowest we've seen in some time and stand in stark contrast to the 3.3% and 3.0% rates from Fresenius Medical Care's North American segment during the same periods. Whi...DaVita is a healthcare provider focused on transforming care delivery to improve quality of life for patients. The company's United States dialysis business provides kidney dialysis services for patients suffering from end stage renal disease (ESRD). The company's dialysis services include outpatient hemodialysis services, hospital inpatient hemodialysis services, home-based dialysis services, ESRD laboratory services, and management services. The company's ancillary services and strategic initiatives businesses include disease management services, physician services, ESRD Seamless Care Organization joint ventures, clinical research programs, vascular access services, as well as international dialysis operations.
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