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Nashville, Tennessee (April 8, 2002) — Renal Care Group, Inc. (NYSE:RCI)
today announced that it had acquired the assets of the dialysis program
of Delaware Valley Nephrology, LLC, a physician-owned provider of dialysis
services in Philadelphia, Pennsylvania. The program currently provides
dialysis services to approximately 275 patients as well as dialysis services
to inpatients at three Philadelphia hospitals. The terms of the transaction
were not disclosed.
Edward R. Jones, MD, MBA, chief executive officer of Delaware Valley
Dialysis, said, "We know that the physicians and management of Renal
Care Group share our vision for the future of Delaware Valley Dialysis's
patients suffering from kidney disease. A focused collaboration among
nephrologists and other members of the entire renal care team for ESRD
patients is essential in improving patient outcomes. Renal Care Group
brings leading medical expertise, clinical systems, and business management
that will enhance our abilities to deliver excellent patient care in an
ever-changing healthcare environment. Renal Care Group is the partner
of choice for us to accomplish our goals."
Susan H Bray, MD, the chief medical director of Delaware Valley Dialysis,
said, "Clearly, Renal Care Group possesses a unique vision for the
future of nephrology care. Their unwavering commitment to patient care
is consistent with ours as physicians, and we believe this affiliation
will result in further benefit to the patients who entrust their care
to us."
Sam Brooks, chief executive officer of Renal Care Group, Inc., said,
"We are delighted to have the opportunity to affiliate with this
group of excellent physicians. This represents a significant expansion
of Renal Care Group's presence in and commitment to the Philadelphia area.
The goal of our physicians, staff, and management remains, as always,
the delivery of the optimal care and solid value in the services we provide
to our patients."
Renal Care Group, Inc. is a dialysis services company that provides care
to patients with kidney disease. The Company currently treats approximately
18,800 patients through more than 240 owned outpatient dialysis facilities,
in addition to providing acute dialysis services to more than 120 hospitals.
Over 5,000 associates provide services across the Company's 26-state network.
Certain statements in this press release constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements reflect management's
expectations and are based on currently available information. These forward-looking
statements involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements of Renal Care
Group to differ materially from those expressed or implied by the forward-looking
statements, including risks related to: integration of acquired businesses;
compliance with health care and other applicable laws; changes in the
Medicare and Medicaid programs; payment reductions by private insurers,
hospitals or managed care organizations; and changes in the health care
delivery, financing or reimbursement systems. These and other factors
affecting the Company are discussed in more detail in Renal Care Group's
reports filed with the Securities and Exchange Commission, including without
limitation, Renal Care Group's annual report on Form 10-K for the year
ended December 31, 2001. Copies of these filings are available from Renal
Care Group upon request
Contact: R. Dirk Allison
Chief Financial Officer
615-345-5500
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