Plano-based U.S. Renal Care has raised $328 million in new funding to further accelerate its growth and expansion plans.
The company says it’s the nation’s largest privately held and fastest-growing kidney care provider.
U.S. Renal Care said the new capital will be invested in programs that focus on innovation and continued delivery of high-quality kidney care—both in clinic and at home—as well as the continued professional development of care teams.
“USRC has invested and will continue to invest substantially in our physician partnerships, clinical capabilities, growth, and infrastructure,” Mark Caputo, USRC’s chairman and CEO, said in a statement. “We are already a leader in clinical quality as evidenced by the recent CMS publication of QIP results, achieving some of the best outcomes in the industry, and this new capital will further enhance our investment and growth capacity.”
The company said that 22% of all practicing nephrologists in the United States have privileges and care for patients in USRC clinics and a majority of those nephrologists are also joint venture partners with the company in dialysis clinics and/or value-based care programs.
USRC, along with its nephrologist partners, is outpacing the industry with annual patient census growth of 4 percent while the kidney care industry overall is seeing flat to negative growth.
Growth in home dialysis, value-based care
USRC said it also is an industry leader in home dialysis, with 17% of its patients now treating at home, and has achieved success under value-based care models that improve clinical outcomes while reducing costs for both government and private payers.
Its value-based care business, Kidneylink, has more than $600 million in annual spend under management, the company said. The new capital will further enhance U.S. Renal Care’s progress and success with value-based care and, most importantly, help support its continued work to improve the lives of people living with kidney disease.
USRC’s legal adviser is Kirkland & Ellis LLP, and its financial advisor is PJT Partners LP.
U.S. Renal Care said it partners with nephrologists to care for roughly 27,000 people living with kidney disease nationwide. The company operates over 400 in-center and home dialysis programs across 33 states in the U.S.
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