DaVita To Form Joint Venture Kidney Care Specialty Hospital Chain In China

(RTTNews) - DaVita Kidney care, a division of DaVita HealthCare Partners Inc. (DVA) announced it is forming a joint venture kidney care specialty hospital chain in Shandong province China.

The agreement establishes DaVita (Shandong) Kidney Disease Hospital Co., Ltd., a first-of-its-kind renal dialysis joint venture between a multinational health care provider and the private sector in China.

DaVita's partner in the joint venture is Xiaoyi Zhang, president of Shunjing Renal Hospital, the only private hospital approved for dialysis services in Jinan. Zhang comes to the new organization with more than a decade of experience leading large hospital organizations in Jinan, China.

"We will incorporate DaVita's advanced concepts and technologies in health care management with our experience in operating hospitals in the local market," said Xiaoyi Zhang, who will also become the CEO of DaVita (Shandong) Kidney Disease Hospital. "This is a win-win for end stage renal disease patients as we build a Sino-U.S. joint venture flagship hospital starting in Jinan City and eventually across Shandong province."