American Renal Associates Will be Acquired by Nautic

Christel Deskins

Shares of dialysis service provider American Renal Associates  (ARA) – Get Report jumped over 67% Friday after the company entered a definitive agreement to be acquired by Innovative Renal Care, a unit of private equity firm Nautic Partners. The stock of the Beverly, Mass., company rose 66.50% to $11.60 at last […]

Shares of dialysis service provider American Renal Associates  (ARA) – Get Report jumped over 67% Friday after the company entered a definitive agreement to be acquired by Innovative Renal Care, a unit of private equity firm Nautic Partners.

The stock of the Beverly, Mass., company rose 66.50% to $11.60 at last check.

The all-cash deal values ARA at $853 million, the company said. The shareholders at ARA, backed by Centerbridge Partners, will receive $11.50 per share in cash, a premium of 66% to ARA’s closing price on Oct. 1, as per the terms of the agreement.

Source Article

Next Post

Oracle Doubles Down On Customer Experience (CX) Management With New Zoom Integration

The Oracle Live Applications event is this week, and yesterday, I discussed in this article how Oracle has quietly become an essential cloud applications company. Oracle utilizes a SaaS model to rapidly evolve the software suite in both breadth and depth of offerings with hundreds of new features delivered quarterly […]