Chicago, Illinois – February 1, 2018; City Capital Advisors, a results-oriented investment bank serving family-owned and closely held private companies, announced today that it acted as the exclusive financial advisor to Sun Health in connection with its sale to an affiliate of DaVita Inc. (NYSE: DVA). Terms of the transaction were not disclosed.
Sun Health, which operates a 17-station outpatient dialysis clinic located near the Presence St. Joseph Medical Center in Joliet, Illinois, was founded by Dr. Bhuvan Chawla in 1991. Under the leadership of Dr. Chawla, who has been practicing in the Joliet community since 1981, Sun Health has built a strong reputation as an independent provider of compassionate, high-quality care to ESRD and dialysis patients in Will, Kendall and Grundy counties. Looking ahead, Dr. Chawla remarked, “we are excited to partner with DaVita, and are confident that our patients will greatly benefit from the unparalleled focus on kidney care as well as the unique depth and breadth of clinical services, resources, capabilities and expertise that DaVita offers.” “With City Capital’s assistance,” added Dr. Chawla, “we have found in DaVita a partner committed to improving the quality of life for our patients as well as expanding the scope of services available to CKD and ESRD patients in the southwestern suburbs.”
About DaVita Inc.
DaVita Inc., a Fortune 500® company, is the parent company of DaVita Kidney Care and DaVita Medical Group. DaVita Kidney Care is a leading provider of kidney care in the United States, delivering dialysis services to patients with chronic kidney failure and end stage renal disease. As of Dec. 31, 2017, DaVita Kidney Care operated or provided administrative services at 2,510 outpatient dialysis centers located in the United States serving approximately 198,000 patients. The company also operated 237 outpatient dialysis centers located in 11 countries outside the United States.
About City Capital Advisors, LLC
City Capital Advisors, a FINRA registered broker-dealer, is a results oriented investment banking and merchant bank advisory firm. Client engagements are managed exclusively by experienced senior investment bankers who deliver business owners optimal performance in capitalizing on the value of their companies and meeting their objectives as shareholders. City Capital’s investment banking professionals have successfully advised clients on merger and capital markets transactions totaling in excess of $60 billion.