DaVita HealthCare plans 2-for-1 stock split
DENVER (AP) — DaVita HealthCare Partners Inc. said Monday it will conduct a split of its stock in which shareholders will receive two shares for every share of the dialysis services provider that they own.
Stockholders of record on Aug. 23 will receive dividend shares from the Denver company on Sept. 20. After the split, DaVita will have about 212.5 million shares on the market, compared to the 106.2 million it had as of June 30.
DaVita delivers dialysis to patients with chronic kidney failure and end-stage renal disease. It operated or provided administrative services at 2,010 U.S. outpatient dialysis centers as of June 30, and at 48 centers in 10 other countries.
The company's shares closed at $114.35 on Friday. That price has climbed about 3.5 percent so far this year. DaVita shares have traded between $95.17 and $131.33 over the past year.