Renal CarePartners, Inc. names Orestes Lugo President
Miami Lakes, Florida, March 10, 2008 - Renal CarePartners
announced today that its Board of Directors had named Chief Financial Officer,
Orestes Lugo, its President. Mr. Lugo had been with the company since it began
operations in 2002 and will also remain its CFO.
Chairman and CEO, Milton Wallace stated, “I have worked with Orestes
since 1989 at our two previous dialysis companies and it is a pleasure to work
with him at Renal CarePartners. He has always done an excellent job as a CFO
overseeing accounting, finance and reimbursement, but he has, throughout the
time, been involved in all areas of the company, including business development,
human resources and financial operations. He has always been an excellent decision-maker
and shown outstanding leadership skills. We are very pleased to have him as
our President.”
Mr. Lugo added, “I am very grateful to have the confidence of our Board
and our management team. We have excellent employees throughout our organization,
both in our corporate office and in our facilities. They are very dedicated,
loyal and committed. We continue to grow at an accelerated pace as we have
several facilities that are currently in various stages of development. This
will require adding outstanding personnel in key positions both in our corporate
office and in the field to properly manage our growth. I look forward to working
closely with our management team and our administrators in all aspects of our
business to successfully accomplish our clinical, financial and operational
goals.”
Renal CarePartners owns and operates freestanding dialysis centers and businesses
located in California, Michigan, Georgia, Maryland, Virginia, Massachusetts
and Florida. The company focuses on developing new start-up (de novo) treatment
facilities in partnership with physicians and also acquires existing dialysis
units in all markets.
For more on Renal CarePartners, Inc., please call Christopher Pyrek, Vice
President, at 1-800-392-8966.
March 10 , 2008
Miami Lakes, Florida
Renal CarePartners Inc. announces two acquisitions, signs management agreement
Miami Lakes, Florida, November 2, 2007 - Renal CarePartners,
Inc. ("RCP"), a full service provider in the field of kidney dialysis,
announced the closing of two acquisitions during the third and fourth quarters
of this year.
Effective July 1, 2007, Renal CarePartners, acquired a majority interest in
Intensive Renal Care, Inc., a physician owned outpatient dialysis program located
in Los Angeles, California. Orestes Lugo, Chief Financial Officer, stated, "The
facility currently treats over 90 patients and represents an important acquisition
for Renal CarePartners as it is our first entry into the California market.
We are very pleased to be partnered with a physician such as Dr. Pagiel Shechter."
Additionally, Renal CarePartners announced that as of October 1, 2007, it
acquired Michigan-based Hema-Tec Services, Inc., a leading regional provider
of acute and sub-acute dialysis services. "Hema-Tec is a high quality
acute care specialty company which provides acute services to numerous hospitals
throughout the greater Detroit area. Our entire team was very impressed with
Brian Gangnier and the high quality business that he, together with Steve and
Chris Gangnier, has developed. We know that Hema-Tec will fit well with Renal
CarePartners philosophy and focus on outstanding clinical care and outcomes," said
Milton Wallace, Chairman of Renal CarePartners.
Christopher Pyrek, Vice President of Business Development, stated, "In
addition to these acquisitions, RCP has also just signed a management agreement
with the Dialysis Center of Ontario in Ontario, California and will begin managing
the day-to-day operations of this 18-station clinic immediately. David Prather,
our Director of Business Development, did an excellent job of securing this
contract along with a denovo facility we will be developing in Texas."
Renal CarePartners owns and operates freestanding dialysis centers and businesses
located in California, Michigan, Georgia, Maryland, Virginia, Massachusetts
and Florida. The company focuses on developing new start-up (de novo) treatment
facilities in partnership with physicians and also acquires existing dialysis
units in all markets.
For more on Renal CarePartners, Inc., please call Christopher Pyrek, Vice
President, at 1-800-392-8966.
November 2 , 2007
Miami Lakes, Florida
Renal CarePartners opens new Facility in Florida, signs Management Agreement
Miami Lakes, Florida, October 12, 2007 - Renal CarePartners,
Inc. Announced the opening of a new dialysis facility located in Coral Gables,
FL. The facility recently received Medicare certification allowing it to now
admit new patients. The new clinic was designed with patient comfort in mind
and includes individual flat screen TV’s, wireless internet and floor
to ceiling windows.
The Coral Gables facility offers16 hemodialysis stations and has a peritoneal
dialysis suite for those who chose that modality. Dr. Juan Fernandez is the
medical director of the facility. Orestes Lugo, Chief Financial Officer stated, “ We
are extremely fortunate to be partnering with Dr. Fernandez and we look forward
to providing this market with the highest level of patient satisfaction and
care.
Chairman and CEO, Milton Wallace, added, " This is our fourth new facility
this year and we are very excited about our continued growth prospects for
remainder of 2007 going into 2008. Dr. Fernandez is the type of quality focused,
patient oriented physician we seek to be our partners."
Christopher Pyrek, Vice President of Business Development, stated, “ In
addition to opening of this new center, RCP has also just signed an Management
Agreement with Southwest Florida Dialysis Center, in Bradenton, Florida and
will begin managing the day to-day operations of this 24 station clinic”.
Renal CarePartners owns and operates freestanding dialysis centers located
in Georgia, Maryland, California, Virginia, Massachusetts and Florida. The
company focuses on developing new start-up (de novo) treatment facilities in
partnership with physicians and also acquires existing dialysis units in all
markets.
For more on Renal CarePartners, Inc. please call Christopher Pyrek, Vice President,
at 1-800-392-8966.
October 12 , 2007
Miami Lakes, Florida
Renal CarePartners opens new Facility in Virginia
Miami Lakes, Florida, May, 2007 - Renal CarePartners, Inc. Announced the
opening of a new dialysis facility located in Woodbridge, Virginia. The facility
recently received Medicare certification allowing it to now admit new patients.
The clinic was designed with patient comfort in mind and includes individual
flat screen TV’s, wireless internet, floor to ceiling windows and soon
to be installed, electronic medical records with prescription writing and information
archiving and various patient satisfaction programs.
The Woodbridge facility is the companies fourth in the state of Virginia offering
16 hemodialysis stations and both peritoneal and home dialysis programs. Drs.
Rashida Rhaman and Eugene Kim are the medical directors of the facility. Orestes
Lugo, Chief Financial Officer stated, “ This is our fifth center in the
greater Washington DC area and we are extremely fortunate to be partnering
with both Drs. Rhaman and Dr. Kim as we continue to provide this market with
the highest level of patient satisfaction and care.
Christopher Pyrek, Vice President of Business Development, stated “ We
are about to open another facility in Florida and we are in various stages
of development for additional clinics in Florida, California, South Carolina
and Georgia that are anticipated to be opened by year’s end.
Chairman and CEO, Milton Wallace, added, " I recently visited the Woodbridge
facility. It’s not only a beautiful facility that has the latest technology
in dialysis, but the entire staff is highly competent and motivated. They are
all very proud of this new facility. The opening of this new center is consistent
with our strategic growth plans throughout the Mid Atlantic. However, we are
also looking at opportunities on the west coast and southwest parts of the
country. We are very excited about our growth prospects for 2007 and 2008.
Drs. Rhaman and Kim are the type of quality focused, patient oriented physicians
we seek to be our partners."
Renal CarePartners owns and operates freestanding dialysis centers located
in Georgia, Maryland, Virginia, Massachusetts and Florida. The company focuses
on developing new start-up (de novo) treatment facilities in partnership with
physicians and also acquires existing dialysis units in all markets.
For more on Renal CarePartners, Inc. please call Christopher Pyrek, Vice President,
at 1-800-392-8966.
May 4, 2007
Miami Lakes, Florida
Renal CarePartners opens two new facilities
Miami Lakes, Florida, February 21, 2007 - Renal CarePartners, Inc. announced the opening of two new dialysis facilities located in Marlborough, Massachusetts and Miami, Florida. The clinics offer several innovations including electronic medical records with prescription writing and information archiving and various patient satisfaction programs. The emphasis on patients, physicians and payors will enable the clinic to provide the personal attention needed in healthcare today.
The Marlborough facility is the company's first in the state of Massachusetts
offering 12 hemodialysis stations and both peritoneal and home dialysis programs.
Dr. Humaira Mahmud is the medical director of the facility. Orestes Lugo,
Chief Financial Officer stated, " We are pleased to enter the state of Massachusetts
with our facility in Marlborough. We will be working with Dr. Mahmud to deliver
both in center and home dialysis services to patients in the area, and in
the future hope to develop or acquire additional facilities in the greater
Boston metropolitan area.
The Miami facility is also a 12-station facility located near downtown Miami.
The clinic is located on the first floor of the well-known and established
Victoria Medical Center. Bob Allen, Vice President of Operations stated "We are proud to open this facility in the Victoria complex. It has a long established name in the community and has been beautifully updated and provides excellent services to its patients." Dr. Juan Fernandez, the medical director, added "The
facility looks great, we have a wonderful staff and I look forward to working
with Renal CarePartners in providing the highest quality service to our patients."
Christopher Pyrek, Vice President of Business Development, stated " We are
about to open three more facilities in Florida and Virginia and we are in
various stages of development for additional clinics in Florida, Tennessee
and Georgia that are anticipated to be opened by year's end.
Chairman and CEO, Milton Wallace, commented, "The opening of these new centers
is consistent with our strategic growth plans throughout the Northeast and
Southeast. However, we are also looking at opportunities on the west coast
and southwest parts of the country. We are very excited about our growth
prospects for 2007 and 2008. These facilities and our new physician partners
are a testament to the type of quality focused, patient oriented relationships
we are in search of with all of our partners."
Renal CarePartners focuses on developing new start-up (de novo) treatment facilities in partnership with physicians and also acquires existing dialysis units in all markets.
For more on Renal CarePartners, Inc. please call Christopher Pyrek, Vice President, at 1-800-392-8966.
February 16, 2007
Miami Lakes, Florida
Renal CarePartners Raises $5 Million for Growth
Miami Lakes, Florida, April 14, 2005
Company Seeks to Double in Size by 2006: Funding Enables Development and
Acquisition of Additional Dialysis Centers.
Miami Lakes, Fl - Renal CarePartners, Inc. (“RCP”) announced
the closing of a $5 million equity investment by Montreux Equity Partners,
a Silicon Valley venture capital firm. These funds will be used to continue
expanding RCP’s growing network of outpatient kidney dialysis facilities
and programs in partnership with leading physicians nationwide. RCP, based
in Miami Lakes, Florida, was formed in 2002 by an experienced team of healthcare
service executives who have been active in the dialysis field since the early
1980’s. Together, key members of the company’s senior management
team co-founded, chaired and directed the operations of two successful national
dialysis chains: Renex Corp. and Home Intensive Care, Inc.
RCP seeks to partner with nephrologists to develop and/or acquire state-of-the-art
kidney dialysis centers providing the highest quality care to their patients
using the latest technological innovations including electronic medical records
with prescription writing and information archiving capabilities as well
as modern patient satisfaction programs. The company owns and operates four
dialysis facilities in the Washington D.C. Metro market providing RCP and
its physician partners a strategic position to ensure patient access to all
of its high quality programs. RCP also has two clinics and two home hemodialysis
programs in Georgia and Florida and is in various stages of development for
additional clinics anticipated to open later in 2005.
Milton Wallace, Chairman and Chief Executive Officer of RCP, commented
on the financing, “We are pleased with our accomplishments to date
and excited by our prospects for growth. The investment by Montreux Equity
Partners
will enable us to aggressively pursue our strategic growth plans and
expand our partnerships with additional prominent physicians. The partners
at
Montreux have significant healthcare experience and extensive financial
resources
to support the on-going growth of Renal CarePartners.”
“
We are delighted to have the opportunity to invest in Renal CarePartners based on the company’s experienced management team, established track record of physician partnerships and outstanding growth prospects. We look forward to working together with the management team to continue building upon their already impressive accomplishments,” said Daniel K. Turner, III, General Partner of Montreux Equity Partners, who will join RCP’s Board of Directors.
About Renal CarePartners:
Renal CarePartners, Inc. is a specialized kidney dialysis services
company focused on building long-term relationships with physician
partners delivering quality care to their patients. In partnership with leading physicians, the company develops, owns and operates, outpatient kidney dialysis
centers providing life sustaining care to patients suffering from end stage renal disease.
RCP’s senior management team has extensive industry knowledge
and experience: key members of the team have worked together on the development of more than 60 dialysis clinics nationwide and have operated more than 50 home hemodialysis programs over the last 20 years. RCP serves patients in four states through six outpatient dialysis centers and two home hemodialysis programs.
For more information on Renal CarePartners, Inc. please visit www.renalcp.com or contact
Chris Pyrek, Vice President Business Development, at (877)705-3911.
About Montreux Equity Partners:
Montreux Equity Partners, is a venture capital firm specializing in early
stage healthcare and life sciences companies. The firm has over $190 million
under management and is currently investing out of two funds, MEP II and
MEP III, totaling over $170 million in capital. Montreux investment ranges
from $2-$5 million in any given financing and up to $12 million over the
life cycle of the investment. The firm's investment team brings more than
60 years of operating and investing experience as entrepreneurs, managers
and investors to their portfolio companies. Montreux Equity Partners has
offices located in Menlo Park, Calif.
For more information about Montreux Equity Partners, visit www.mepvc.com.
April 14, 2005
Miami Lakes, Florida
FOR IMMEDIATE RELEASE Contact: Chris Pyrek
(877) 705-3911
Renal
CarePartners, Inc. Announces Acquisition of Facility in Arlington,
VA
Miami Lakes, Florida, April 12, 2005
Renal CarePartners, Inc. (“RCP”) announced the acquisition of
a dialysis facility in Arlington, VA. The facility was acquired effective
March 1, 2005. The facility currently serves 25 patients and has 10 dialysis
stations.
Chairman Milton Wallace commented, “ We feel we have a special opportunity
to expand and grow this facility quickly. Our physician partners in the area
have a rapidly growing patient base and we believe we can increase the patient
census, which currently has 25 patients, to over 60 patients within a year.
This strategic acquisition will further strengthen our market share in the
Northern Virginia / Metro D.C. / Maryland corridor.” We now have four
facilities in this market and are also working on other important opportunities
in the area.
Chief Financial Officer Orestes Lugo added, “The clinic is currently
operating three days a week and will continue to do so until our expansion
is complete. This will allow construction to proceed more smoothly. We hope
to begin the expansion from 10 stations to 16 stations in June and have it
completed by October. Chris Pyrek, our VP of Business Development, has extensive
experience in clinic development and will oversee the expansion.”
Renal CarePartners owns and operates freestanding dialysis clinics in partnership
with physicians in several states and operates home programs in Georgia and
Florida.
For more information on Renal CarePartners, Inc. please call Mr. Chris Pyrek,
Vice President of Business Development at 1-877-705-3911.
April 12, 2005
Miami Lakes, Florida
FOR IMMEDIATE RELEASE
New Dialysis Facility in Prince Frederick, MD
Miami Lakes, Florida, January 14, 2005
Renal CarePartners,
Inc. Announced the opening of a new dialysis facility in
Prince Frederick, Maryland. The clinic offers several innovations
including electronic medical records with prescription
writing and information archiving and various patient satisfaction
programs. The emphasis on patients, physicians and payors
will enable the clinic to provide the personal attention
needed in healthcare today.
The addition of this facility in the Washington DC Metro
market, Renal CarePartners provides the company and its physician partners
a strategic position to ensure patient access to all of
its high quality programs in this market. The new clinic
is state-of-the-art with 15 dialysis stations, a peritoneal
dialysis suite and a private isolation room.
This marks the third clinic in this market for the company
with units already established in Reston and Fairfax, Virginia.
The company also has two clinics and two home programs
in Georgia and Florida and is in various stages of development
for additional clinics in Florida and Virginia that are
anticipated to be opened in 2005.
Chairman Milton Wallace commented, "The opening of
this new center is consistent with our strategic growth
plans in the Mid-Atlantic region. We are very excited about
the addition of this facility and our physician partners
which will serve the patients of Calvert County. It is
a testament to the type of quality focused, patient oriented
relationships we are in search of with all of our physician
partners."
The new 15-station dialysis unit is located at 205 Steeple
Chase Drive, Suite 201, Prince Frederick, Maryland was
certified on January 7, 2005 and is currently accepting
new patients.
For more on Renal CarePartners, Inc. please call Chris
Pyrek, Vice President Business Development, at 1-877-705-3911.
January 14, 2005 Miami Lakes, Florida
FOR IMMEDIATE RELEASE
Renal CarePartners, Inc. Announces Acquisition of Home
Dialysis Programs
Miami Lakes, Florida, November 30, 2004
Renal CarePartners, Inc.
("RCP") announced that
it has acquired the assets and business operations of two
home dialysis programs and a small dialysis clinic from
Spectracare, Inc. effective November 1, 2004. The two home
dialysis programs and the dialysis clinic serve approximately
110 patients. The areas covered by these operations include
Atlanta, Georgia and South Florida.
RCP's Chairman of the Board, Milton Wallace, noted, "Spectracare
has built an outstanding reputation in the home dialysis
market over the past decade. We feel fortunate to have
acquired their operations and hope to explore opportunities
to expand the existing programs and to enter new markets.
We believe that the home dialysis market has substantial
growth potential over the next several years as new products
and greater attention is given to it."
RCP's CFO, Orestes Lugo, added, " One key to this
acquisition was Spectracare's people. The high quality
reputation Spectracare established over the years was a
direct result of the employees. At all levels, from the
nurses and caregivers to the people in the warehouse and
administrative offices, we saw highly competent, caring
professionals. We also believe that this group will help
us identify additional clinic development opportunities
to further our growth."
Renal CarePartners, Inc. owns and operates freestanding
dialysis clinics in partnership with physicians in several
states and operates home dialysis programs in Georgia and
Florida.
For more information on Renal CarePartners, Inc. please
call Mr. Chris Pyrek, Vice President of Business Development
at 1-877-705-3911.
November 30, 2004
Miami Lakes, Florida
FOR IMMEDIATE RELEASE
Acquisition
Miami Lakes, Florida, May 5, 2004 Renal CarePartners, Inc. announced that it has acquired a 51% interest in the Comprehensive Renal Care of Hialeah, LLC, a dialysis clinic owned by Dr. Juan Fernandez, Dr. Rodolfo Guitierrez and Mr. Angel Arciero. The facility serves approximately 62 patients in the South Florida area. The facility has 12 stations serving Hialeah, Florida and the surrounding community.
The addition of this facility in the South Florida market provides the company and its physician partners an initial strategic position to ensure continuing patient access and growth in the area.
Chairman Milton Wallace stated, "We are very excited that these outstanding physicians and caregivers have joined our growing company in fulfilling the continued caring for dialysis patients in our own community. Additionally, we are also pleased that this acquisition will establish a presence for Renal CarePartners, Inc. in the South Florida market where we have other opportunities for growth.
Commented Dr. Guitierrez, We feel very comfortable with the management team of Renal CarePartners. They have extensive experience in all aspects of managing dialysis facilities and an excellent reputation in the industry. They made us feel that they were truly physician friendly and that they really cared about the issues that are important to us.
Renal CarePartners, Inc. owns and operates freestanding kidney dialysis centers
in partnership with physicians throughout the country.
For more information on Renal CarePartners, Inc. please
call Mr. Chris Pyrek, Vice President of Business Development
at 1-877-705-3911.
May 5, 2004
Miami Lakes, Florida
FOR IMMEDIATE RELEASE
Renal CarePartners Announces Development of Fairfax, Virginia Facility
Miami Lakes, Florida, July 16, 2003 Renal CarePartners, Inc. together with the Virginia Nephrology Group announced the development of a new dialysis facility in Fairfax, VA. Construction is currently underway with an anticipated opening in October 2003. The clinic will offer several innovations including electronic medical records with prescription writing and information archiving, initiation of first dialysis treatment in the clinic rather than a hospital setting, an integrated iron and erythropoeitin protocol and various patient satisfaction programs. The emphasis on patients, physicians and payors will enable the clinic to provide the personal attention needed in healthcare today.
The addition of this facility in the Northern Virginia market provides the company and its physician partners a strategic position to ensure patient access to all of its high quality programs in this market. The new clinic will be state-of-the-art with 16 dialysis stations, a peritoneal dialysis suite, a home training room and a private room to offer pediatric care.
This marks the second clinic in this market for the company including the recently opened unit in Reston, Virginia. The company is also in various stages of development for clinics in Florida and Virginia that are anticipated to be opened prior to the end of this year.
Chairman Milton Wallace commented, "We are very pleased that a highly regarded physician practice such as VNG in the Washington DC - Northern Virginia area has joined our growing team. It is a testament to the type of quality focused, patient oriented relationships we are in search of with all of our physician partners."
For more information on Renal CarePartners, Inc. please
call Mr. Chris Pyrek, Vice President of Business Development
at 1-877-705-3911.
July 16, 2003
Miami Lakes, Florida
FOR IMMEDIATE RELEASE
Renal Care Associates of Reston Begins ESRD treatments in Northern Virginia.
Miami Lakes, Florida, July 26, 2002
Renal CarePartners, Inc. announces the opening of their first dialysis clinic
in Reston, Virginia. Renal Care Associates of Reston. (a de novo development),
began patient treatment July 26, 2002 just four months after the company's formation.
The 17-station clinic in Northern Virginia will provide a full array of services
to patients with End Stage Renal Disease under the medical direction of Dr.
Ahmad Noori and Dr. Maged Hussein.
Key former executives of Vivra Renal Care and Renex Corp for the purpose of developing and acquiring dialysis clinics, recently formed Renal CarePartners, Inc. The company is in discussions and negotiations for additional clinics in several different states.
For additional information, please contact Chris Pyrek, Vice President Business
Development, at 1-877-705-3911.
July 26, 2002
Miami Lakes, Florida
FOR IMMEDIATE RELEASE
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