American Renal Associates to be acquired by Nautic Partners
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American Renal Associates Holdings Inc. has entered into a definitive agreement to be acquired by Innovative Renal Care LLC in an all-cash transaction, according to a company press release.
Nashville-based Innovative Renal Care is an affiliate of private equity firm Nautic Partners LLC. The acquisition is valued at approximately $853 million, according to the release. Under the terms of the agreement, American Renal Associates (ARA) shareholders will receive $11.50 per share in cash.
“At ARA, we have created a unique platform for delivering superior quality care to patients by partnering with physicians around the country. This transaction recognizes the value of the Company and delivers a meaningful premium to shareholders,” Joe Carlucci, chair and CEO of ARA, said in the release. “Nautic is a firm with significant health care expertise and we are excited by their support as we engage with members of the IRC team for the next chapter of our company’s growth ... ”
Scott Hilinski, managing director at Nautic, said, “ARA has established itself as a leading provider of high-quality patient care for those suffering from end-stage renal disease. Since its founding, the company has built a successful track record working with leading nephrologists around the country while staying focused on its core values.”
As of June 30, 2020, ARA operates 251 dialysis clinics in the United States, according to the company website.
The transaction is expected to close in the first quarter of 2021.
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