DaVita Inc. (DVA: Quote) announced Monday morning that it entered into a definitive merger agreement with HealthCare Partners. The combined company will be named DaVita HealthCare Partners Inc. The purchase price to be paid by DaVita is approximately $4.42 billion.
DaVita climbed for the majority of the morning Monday and finished up by 3.99 at $84.80, with volume at over a 7-month high. The stock rebounded off of support, following a 2 1/2 week decline.
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by RTT Staff Writer
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