New York-based Dialyze Direct is expanding its Midwest footprint with the acquisition of Aliated Dialysis Centers.
Glen Ellyn-based Aliated Dialysis Centers is being acquired by Dialyze Direct, a New Yorkbased provider of hemodialysis services to patients in skilled nursing facilities, the companies announced yesterday.
Terms of the deal, which is expected to close by the end of the year, were not disclosed.
Established in 2002, Aliated Dialysis Centers provides services to more than 400 endstage renal disease patients in Illinois and Ohio. Dialyze Direct provides services to about 400 patients in Florida, New Jersey, New York, Ohio, Pennsylvania and Texas.
“We had our eyes on (Illinois) and had been in discussions with Aliated,” said Yehuda Markovits, chief legal ocer and corporate counsel for Dialyze Direct. “It seemed like a natural partner for us to utilize as a footstep there, as opposed to starting from scratch.”
Joshua Rothenberg, chief operating ocer of Dialyze Direct, said Aliated was drawn to the company’s value-based care model, which aligns with the Centers for Medicare & Medicaid Services’ Patient-Driven Payment Model, set to take effect Oct. 1, 2019.
“Our model really gives benets to nursing homes because, under the (Patient-Driven Payment Model), they will be judged by the complexity of patients they’re treating. Also, the relationship between them and the referring hospital relies on reduction of rehospitalization,” Rothenberg said.
Both are privately held companies; Dialyze Direct declined to provide revenue gures, and Aliated Dialysis Centers representatives did not respond to a request for comment.