liberty dialysis holdings press release 8 2 11yamane

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  • 8/6/2019 Liberty Dialysis Holdings Press Release 8 2 11yamane

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    News Release - Hawaii House of Representatives

    For immediate release August 3, 2011

    Contact: Office of Rep. Ryan Yamane - (808) 586-6150

    Liberty Dialysis and Fresenius Medical Care to merge

    Hawaii patients will continue to receive high quality dialysis care

    Honolulu, Hawaii. Liberty Dialysis Holdings, Inc., one of the owners of Liberty Dialysis Hawaii

    LLC, and Fresenius Medical Care (FMC), providers of dialysis services throughout the United

    States, have agreed to merge.

    The merger of the dialysis providers creates an unrivaled platform for patients with kidney

    disease to receive quality care in a changing healthcare environment. Both Liberty Dialysis

    Hawaii LLC and Fresenius operate dialysis facilities covering all of the major Hawaiian Islands.

    St. Francis and a number of local physicians will continue as owners of Liberty Dialysis Hawaii

    LLC, ensuring that local roots remain strong.

    There are 2,900 patients currently on dialysis in Hawaii. However, there are over 156,000

    residents with Chronic Kidney Disease (CKD) which ultimately leads to dialysis or kidney

    transplants. Hawaii holds a higher than average rate of CKD, with 1 in 7 people locally affected

    by this disease, compared to the national average of 1 in 9 people affected with CKD.

    "I hope that this merger will continue to assist Hawaii patients in receiving the best care

    possible," said Rep. Ryan Yamane, mindful of the health and welfare of these patients as Chairof the House Committee on Health.

    (more)

  • 8/6/2019 Liberty Dialysis Holdings Press Release 8 2 11yamane

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    Liberty Dialysis and Fresenius Medical Care merger

    Page 2

    August 3, 2011

    We are confident that there will be no immediate impact on the delivery of patient care in

    Hawaii as a result of this merger," said Glen Hayashida, CEO of the National Kidney Foundation

    of Hawaii. "We will be working closely to ensure that access to care and quality of care to

    patients will not be compromised." Hayashida is optimistic that Liberty DialysisHawaii and

    FMC will continue their tradition of providing the high quality dialysis care in Hawaii that has

    consistently exceeded national standards.

    Libertys collegial culture and their integral approach to clinical and operational processes will

    fit nicely with FMCs focus on introducing new technology solutions to support quality and

    efficiency improvement in the dialysis clinics," said Frank Maddux, FMC Chief Information

    Officer. "Mark Caputo, Libertys co-founder and CEO, and his staff have agreed to continue to

    play key leadership roles to expand Libertys successful collaborative model within FMCs

    system."

    The inclusion of new technology to support the development and integration of electronic

    health records within Hawaiis dialysis system only serves to help transform healthcare within

    our State further reducing the cost of healthcare, added Representative Yamane.

    The parties believe that the transaction will be completed in early 2012.

    ###

    Fact Sheet attached