Total Renal Care expansion strategy results in adding 356 dialysis patients; company increases credit facility to $100 million.TORRANCE, Calif.--(BUSINESS WIRE)--Jan. 25, 1996--Total Renal Care Holdings Inc. (NYSE NYSE See: New York Stock Exchange :TRL TRL In currencies, this is the abbreviation for the Turkish Lira. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) Thursday announced that the company has further expanded its dialysis operations, adding five facilities, 89 stations and 356 patients. TRL now operates a total of 72 dialysis centers, with 1,122 stations, serving more than 5,700 end-stage renal disease End-stage renal disease (ESRD) Total kidney failure; chronic kidney failure is diagnosed as ESRD when kidney function falls to 5-10% of capacity. Mentioned in: Chronic Kidney Failure end-stage renal disease (ESRD ESRD end-stage renal disease. ESRD End-stage renal disease; chronic or permanent kidney failure. Mentioned in: Dialysis, Kidney ESRD End-stage renal disease, see there ) patients. The new dialysis facilities include: o Downtown Dialysis Center Inc.--Baltimore-- 40 stations, 170 patients o The Dialysis Center at Deaton Specialty Hospital--Baltimore-- 8 stations, 10 patients o Burbank Regional Dialysis Center--Burbank, Calif.-- 21 stations, 115 patients o Peritoneal Dialysis peritoneal dialysis n. The removal of soluble substances and water from the body by transfer across the peritoneum, utilizing a solution which is intermittently introduced into and removed from the peritoneal cavity. Training Center--Los Angeles-- 21 patients o Pacific Peritoneal Dialysis Center--U.S. territory of Guam-- 40 patients o Guam Hemodialysis Center--U.S. territory of Guam-- 20 stations, de novo [Latin, Anew.] A second time; afresh. A trial or a hearing that is ordered by an appellate court that has reviewed the record of a hearing in a lower court and sent the matter back to the original court for a new trial, as if it had not been previously heard nor decided. development, opening April 1996 o Shiprock Dialysis Facility-- Shiprock, N.M.-- 20 stations, de novo development "Our recent expansion fits well into our overall aggressive, disciplined expansion strategy of increasing our market presence in geographic areas that we currently serve, and developing a strong market presence in new geographic areas by acquiring networks of centers," stated Victor M.G. Chaltiel, TRL chairman, president and chief executive officer. "We can then develop specific programs with referring physicians and managed care organizations in those areas to provide high quality, comprehensive ESRD services while reducing total patient costs." TRL's New Operations TRL enhanced its mid-Atlantic regional network of dialysis centers by signing a definitive agreement to manage two dialysis operations in Baltimore. Under terms of the agreement, TRL will take full ownership by May 10, 1996, or earlier, of the 40-station Downtown Dialysis Center Inc., and continue managing the eight-station dialysis facility at Deaton Specialty Hospital. The two centers serve more than 180 patients. With these additions, TRL now operates eight centers in the mid-Atlantic region, including six centers located in Virginia, and expects to add more centers in this regional network during 1996. This agreement marks TRL's entry into the state of Maryland, bringing the total number of states with TRL operations to 11. TRL also expanded its presence in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County, where the company has a long-standing position as the leading provider of dialysis services, by increasing the number of dialysis facilities under its operation to 17. The company purchased a majority interest in the Burbank Regional Dialysis Center, formerly the St. Joseph Regional Dialysis Center, located in Burbank. This facility houses 21 stations, serving approximately 115 patients. In a non-related transaction, TRL acquired the Peritoneal Dialysis Training Center, also located in Los Angeles County, which serves 21 patients in its peritoneal dialysis (PD) program. TRL has merged this operation into one of the company's existing peritoneal peritoneal /peri·to·ne·al/ (per?i-to-ne´al) pertaining to the peritoneum. peritoneal pertaining to the peritoneum. centers. "We now provide services to more than 1,700 dialysis patients in Los Angeles County, including nearly 200 who are in peritoneal dialysis programs," stated Chaltiel. TRL acquired a 50 percent interest in the Pacific Peritoneal Dialysis Center, a 40-patient center located on the U.S. territory of Guam. TRL has further expanded its presence in Guam by simultaneously acquiring a 50 percent interest in a new 20-station hemodialysis center scheduled to open this spring. Because Guam is a U.S. territory, reimbursement for dialysis patients is covered by Medicare. "We are excited about our expansion into Guam, not only because it offers us the opportunity to develop a dominant presence in a new area, but it also represents TRL's first foray overseas; international dialysis markets may represent a significant growth opportunity for us in the years to come," said Chaltiel. TRL increased its presence in the remote Four Corners region of the southwestern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. by opening the Shiprock Dialysis Facility -- a 20-station dialysis center located on the Navajo reservation in Shiprock. This is TRL's sixth center in the Four Corners regional network. "The incidence of diabetes, leading to kidney failure kidney failure or renal failure Partial or complete loss of kidney function. Acute failure causes reduced urine output and blood chemical imbalance, including uremia. Most patients recover within six weeks. , is extremely high among Native Americans This is a list of Native Americans (first nations and descendents) Cherokee
Credit Facility Increased to $100 Million TRL also announced Thursday that the company and The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. have signed a commitment letter to increase TRL's current credit facility from $50 million to $100 million. The credit facility, which has not yet been used, will assist the company in financing future expansion and acquisition opportunities. Torrance-based Total Renal Care Holdings is a leading, high-quality provider of integrated dialysis services for patients suffering from chronic kidney failure Chronic Kidney Failure Definition Chronic kidney failure occurs when disease or disorder damages the kidneys so that they are no longer capable of adequately removing fluids and wastes from the body or of maintaining the proper level of certain . The company owns and operates free-standing kidney dialysis Dialysis, Kidney Definition Dialysis treatment replaces the function of the kidneys, which normally serve as the body's natural filtration system. centers and home peritoneal dialysis programs in 11 states and also provides acute hemodialysis service to inpatients on behalf of 54 hospitals. TRL has increased its number of outpatient dialysis facilities to 72 with 1,122 stations, and provides services to more than 5,700 patients. The company additionally operates ESRD laboratory and pharmacy facilities, as well as a vascular access vascular access Clinical medicine The ability to enter the vascular system; the ease with which the vascular system can be entered for administering therapy or obtaining blood for testing management program. For information on Total Renal Care Holdings via facsimile at no cost, call 800/PRO-INFO and dial company code 039. CONTACT: Total Renal Care Inc., Torrance Victor M.G. Chaltiel/John King, 310/792-2600 or Financial Relations Board Jody Martin, general information Moira Conlon, investor contact Steve Seiler, media contact 310/442-0599 or Kathy Brunson, investor contact, 312/266-7800 |
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