Medical services factions InterWell Health and Cricket Health have concured to merge their business units with Fresenius Medical Care’s U.S. unit Fresenius Health Partners so that they can expand in the care of people with kidney disease earlier in the disease process.
In a statement on Monday, Dialysis Centers, the world’s largest operator of dialysis centers for patients whose kidneys have failed to clean their blood, said the combined group would be valued at $2.4 billion, with FMC controlling the majority of the company.
FMC is expanding its portfolio of kidney disease treatment options to patients who do not yet require dialysis by partnering with InterWell, a practice network owned by FMC, and kidney care provider Cricket.
A statement from Fresenius Medical Care said the transaction would increase its U.S. addressable market from 50 billion dollars to about $170 billion.
Financial terms of the transaction were not disclosed. FMC expects the transaction to close by the end of this year. “InterWell Health” will be the new brand for the new entity, the release added.