DaVita Inc

DaVita Inc.

Runs dialysis clinics for patients with kidney failure. Operates 3,200+ facilities, mostly in the US, treating ~300,000 patients per year. Revenue comes from per-treatment reimbursements paid by Medicare/Medicaid (~two-thirds of US revenue) and commercial insurers (~one-third). The business economics are heavily skewed: commercial insurance patients are only ~10% of the patient base but generate nearly all US dialysis profits, since Medicare reimbursement rates are much lower. Government policy around dialysis reimbursement is therefore a central business risk.