Report
Jake Strole
EUR 100.00 For Business Accounts Only

Dialysis Remains Moatworthy Despite Regulatory Concerns

We've long believed the kidney care industry is one of the few healthcare provider markets supportive of durable economic moats. The attractive returns on capital posted by DaVita and Fresenius Medical Care support this view, as these firms have carved out unique competitive positions underpinned by cost advantages attainable by only the largest companies in the space. This lends itself to pricing power when negotiating with private insurers, and per-treatment cost advantages that allow these fi...
Underlying
Fresenius Medical Care AG & Co. KGaA ADS

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
Jake Strole

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