Dialysis Corp. to be sold for $112 million

April 14, 2010|By Jamie Smith Hopkins, The Baltimore Sun

Linthicum-based Dialysis Corp. of America said Wednesday that it has agreed to be acquired for about $112 million by a fellow provider of outpatient dialysis care.

The cash offer from U.S. Renal Care Inc., a privately held company in Texas, is for $11.25 per share. That's more than 70 percent above Dialysis Corp.'s $6.52-a-share closing price on Tuesday.

The companies said they will provide services to 5,500 patients after the merger, which must be approved by Dialysis Corp. shareholders. The companies expect to close the deal in May.

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