“RAI is growing rapidly in a tight economy and in the midst of a recession,” said Michael Klein, chief executive officer of RAI.
Nashville, Tenn. (PRWEB) May 6, 2010
Renal Advantage Inc. (RAI) – the third largest for profit provider of dialysis services in the U.S. – is advancing a robust growth strategy amidst a sluggish economy, opening four new centers in the first quarter of 2010. RAI has opened six new centers in five states since last November.
In addition to the newly developed centers, RAI acquired seven centers during the first quarter, including a joint venture with The University of Kansas Hospital.
This strong growth underscores the company’s strategic vision of expanding its presence in key markets nationwide.
“RAI is growing rapidly in a tight economy and in the midst of a recession,” said Michael Klein, chief executive officer of RAI. “We have already opened four dialysis centers this year, and our company goal is to reach a point where we are opening a new center every month – 12 a year. This type of growth will allow us to achieve our long–term growth strategy for the next five years and, coupled with selective acquisitions, will position RAI well from a competitive standpoint within our industry.”
RAI has opened centers in California, Florida, Nebraska, Tennessee and the Washington, D.C. suburbs. These six centers feature 129 stations for in-center dialysis and 13 home dialysis training rooms to prepare patients for treatment in their homes, another long-term strategic growth initiative of RAI. Each center offers exceptional quality care and many of the conveniences of home – big screen TVs in the waiting area, individual TVs for each patient station and Wi-Fi internet for laptop connectivity. Here are more details on the locations:
•Clearwater, Fla. opened its new location and expansion from an existing center on Jan. 9, and is located in the north part of the city along Highway 19. It has 24 in-center stations and three home dialysis training stations.
•Fremont, Neb. opened its new location and expansion from an existing center on Feb. 6. This center features 18 in-center stations.
•Memphis, Tenn., Poplar Ave. This is the first of two Memphis locations opened this year in a joint venture with University of Tennessee Medical Group. It opened on Feb. 22 and has 21 in-center stations and five home dialysis training stations.
•Memphis, Tenn., Pace Road. The second joint venture of UT Medical Group, it opened on March 22 and has 21 in-center stations.
•Clinton, Md. (Washington, D.C. area). Located near the nation’s capitol, it opened on Nov. 30, 2009. It has 24 in-center stations and two home dialysis training stations.
•Lincoln, Calif., a rapidly growing suburb north of Sacramento. It opened on Nov. 16, 2009, and features 24 in-center stations and three home dialysis training stations.
RAI provides dialysis services to nearly 12,000 patients in 149 dialysis centers in 19 states – and offers laboratory services through RenaLab, its leading-edge independent clinical laboratory located in Jackson, Miss. As part of the execution of its growth plan, RAI recently announced that it was moving into the McEwen Building in Cool Springs by the end of 2010, where it will consolidate its three smaller locations into one Nashville-area location, improving efficiency as it expands.
About Renal Advantage Inc.
Based in Brentwood, Tennessee, RA Group Holdings, Inc., through its wholly owned entity, Renal Advantage Inc., provides dialysis services to patients with chronic kidney failure, also known as end-stage renal disease (ESRD). With the completion of the acquisition of National Renal Alliance, RA Group Holdings, through its operating companies, provides services to approximately 12,000 patients in 149 dialysis centers in 19 states. RAI also delivers laboratory services through RenaLab, a state-of-the-art independent clinical laboratory located in Jackson, Miss. Founded by veteran healthcare executives, RAI’s growth plan began with its acquisition of 73 dialysis centers in October 2005, which was financed in partnership with Welsh, Carson, Anderson & Stowe. For more information, visit RAI’s website at http://www.renaladvantage.com.
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