BROOKLYN, N.Y.–(BUSINESS WIRE)–#Acquisition—Dialyze Direct, the nation’s leading provider of home hemodialysis services in skilled nursing facilities (SNFs), is pleased to announce that it has completed its previously announced acquisition of Compass Home Dialysis, a regional dialysis provider in Pennsylvania with on-site dialysis services in nine SNFs, as well as an outpatient dialysis clinic.
“We are thrilled to welcome Compass and its highly skilled staff to the Dialyze Direct team, and to be able to extend our cutting-edge services to their already exceptional level of patient care,” said Josh Rothenberg, President and Co-Founder of Dialyze Direct. “Our combined patient-first mentality made the decision to enter into an acquisition a very easy one. We are looking forward to continuing to expand the offering of our innovative, geriatric treatment plans to better the dialysis experience and outcomes for patients in SNFs across the nation.”
The Compass acquisition is part of Dialyze Direct’s strategic growth plan for this year. At the end of last year, it acquired Renew Dialysis, a regional SNF dialysis provider in Ohio and Virginia. Earlier this year, the company signed a Letter of Intent to collaborate with fellow dialysis provider Satellite Healthcare, which has attained the country’s highest rate of home dialysis usage among patients with end stage kidney disease. Those moves solidified Dialyze Direct’s position as the leading SNF dialysis provider in the United States, with on-site dialysis services in more than 150 SNFs in Florida, Illinois, Indiana, Kentucky, Maryland, Missouri, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Texas, and Virginia.
“Providing the highest level of care for patients is of utmost importance to Compass. That is why being acquired by Dialyze Direct, which is not only administering dialysis treatments, but also actively working to improve the effect of dialysis on patients, was an opportunity we could not pass up,” said Ari Karoly, Partner at Walnut Court Capital, Compass’ financial sponsor. “We are pleased that the partnership is finally official, and we can begin our collaboration to continue to provide better outcomes and quality of life for dialysis patients.”
About Dialyze Direct:
Founded in 2015, Dialyze Direct is a leading kidney care innovation company that seeks breakthrough solutions for patients suffering from kidney disease. With a mission to build the next generation of kidney care, Dialyze Direct leverages its leading nephrology specialists to develop new methods and technology to evolve the treatment options nephrologists have at their disposal. Dialyze Direct pioneered significant changes to the existing treatment model for dialysis patients in skilled nursing facilities (SNFs), in which many of the most medically challenging subsets of dialysis patients reside, and has grown to become the nation’s largest provider of home dialysis in the SNF setting. Dialyze Direct’s innovative staff-assisted home hemodialysis treatment model entails a gentler, personalized treatment plan comprised of meticulously crafted protocols designed to tackle the unique fluid management challenges of geriatric dialysis patients, resulting in increased overall patient health and reduced hospitalizations while substantially decreasing costs for payors. Dialyze Direct currently operates in 13 states with new operations launching soon in additional states.
About Compass Home Dialysis:
Compass Home Dialysis is an End Stage Renal Disease (ESRD) dialysis organization with a patient-first approach to providing quality-of-life improving dialysis programs to patients in Pennsylvania. With programs ranging from skilled nursing facility (SNF) dialysis programs to in-center hemodialysis programs, and transitional outpatient dialysis programs, the vision of Compass Home Dialysis rests in the idea that every dialysis patient is deserving of individualized care, tailored to their needs and not the needs of the dialysis provider.
Contacts
Zumado Public Relations
Nicholas Gaffney
ngaffney@zumado.com
415-732-7801
