Press Release

U.S. Renal Care Expands Operations: Major Acquisition in San Antonio, Plans for New Facilities
3/10/06, J. Christopher Brengard

JONESBORO, ARKANSAS — U.S. Renal Care Inc., a leader in providing comprehensive outpatient (kidney) dialysis treatment, announced today the acquisition of RenCare Ltd., of San Antonio, Texas along with plans to substantially expand patient care facilities in that region.

RenCare currently operates seven dialysis centers in San Antonio and Eagle Pass, Texas and three more centers for treating patients will be opened under the USRC banner, in San Antonio by early summer of this year.

The RenCare acquisition and the development of the three new centers are part of a partnership between USRC and a group of leading San Antonio nephrologists, including Carl E. Dukes, M.D., Naushad Zafar, M.D., and Rashid Sharaf, M.D. This acquisition provides U. S. Renal Care with both an immediate major presence in the growing San Antonio market and a stronger presence in the state of Texas, where the company already enjoys signifi cant market share.

In making the announcement, Chris Brengard, President and CEO of U.S. Renal Care, said, "We are pleased with the opportunity to partner with a strong group of physicians in the San Antonio area and view this acquisition as a great addition to our company. This acquisition, and its related development opportunities, provide another solid operating platform for USRC and substantially improve our ability to serve patient needs. We fully expect that our growth will accelerate in the months ahead as other nephrologists discover the uncommon level of experience and service our partnerships offer."

Brengard stated that USRC "remains attuned to the needs and interests of nephrologists, committed to high quality health care for patients, and diligent in working to improve each clinic's operation through innovative management and the most advanced patient service technology."

Carl E. Dukes, M.D., spokesperson for the physician group, said, "Our goal has been the highest quality care possible for our patients and U. S. Renal Care is the perfect partner for this effort. We will be setting a new standard for patient care and dialysis service in the San Antonio region. This agreement is very exciting for our patients and our practices."

With the acquisition of these Rencare facilities and the additional development, U.S. Renal Care now operates 22 dialysis clinics in Texas and Arkansas, with an additional 15 clinics in various stages of development. U.S. Renal Care was founded in 2000 by an experienced team of healthcare executives Financing for this new acquisition was provided by a syndicate led by Bank of America, a leading provider of growth capital to healthcare companies across the country.

U.S. Renal Care operates in partnership with nephrologists in numerous regions across the nation acquiring and operating highest quality outpatient treatment centers for persons suffering from chronic kidney failure, also known as End Stage Renal Disease ("ESRD").

For more information on U.S. Renal Care Inc., please visit www.usrenalcare.com

 

   


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