RA Group Holdings, Inc., the parent company of Renal Advantage Inc., the third largest for-profit provider of dialysis services in the United States, has signed a definitive agreement to acquire Franklin, Tenn.-based National Renal Alliance, LLC.
Founded in 2002, NRA owns and operates 45 dialysis facilities in 10 states, primarily in the Midwest and Southeast, and serves more than 2,200 patients. NRA has annualized revenues of approximately $100 million.
"We believe this transaction is in the best interests of our patients and associates," said Joseph A. Cashia, founder and CEO of National Renal Alliance. "It provides an opportunity to realize the value of our assets and leaves our associates in the hands of a trusted employer and proven provider."
Upon completion of the transaction, RAGH, through its operating companies, will serve approximately 10,500 patients in 136 dialysis centers in 18 states. Laboratory services to its dialysis centers as well as to the renal dialysis industry are also provided through its wholly owned laboratory, RenaLab, located in Jackson, Miss.
"We look forward to working with National Renal Alliance to achieve a seamless integration so that patients and their caregivers can continue to receive the best experience possible," said Michael D. Klein, chief executive officer of Renal Advantage.
The transaction is expected to close by year's end. Terms of the transaction were not announced.