Report
Michael Waterhouse
EUR 101.80 For Business Accounts Only

DaVita Faces a Challenging Year, but Longer-Term Horizon Looks Stable

Although DaVita’s fourth-quarter results came in slightly ahead of our expectations, 2017 represents a challenging year for the company, with results likely to fall short of our previous forecast, primarily due to the lingering effects of the declining use of premium assistance programs for dialysis patients in healthcare exchanges. With adjusted operating margin sliding nearly 140 basis points from last year to 12% in the fourth quarter, management retained its previous outlook for $1.6 billion...
Underlying
DaVita Inc.

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Waterhouse

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