Davita Inc. Submits Petition for Approval of Proposed Divestiture; FTC Submits Budget Request and Performance Plans to Congress
Petition for proposed divestiture: The Commission has received a petition from DaVita Inc. (DaVita) requesting approval of a proposed divestiture related to its recent acquisition of Gambro Healthcare (Gambro). Under the consent order, issued to resolve the competitive problems in the renal dialysis industry raised by DaVita’s acquisition of Gambro, DaVita is required to sell its four “Owned Real Property” assets, as that term is defined in the FTC’s order, to a Commission-approved buyer. DaVita also was required to divest 69 renal dialysis clinics, which it has done in earlier transactions. See the earlier press release on this matter at www.ftc.gov/opa/2005/10/davita.htm. Through its petition, DaVita has asked for approval to divest the four Owned Real Property assets to two real estate management companies: the Armstrong Group and Oman-Gibson Associates. In a related filing, DaVita has filed a motion requesting that the Commission extend by 60 days the deadline for the required real estate divestitures.
The FTC is accepting public comments on the proposed divestiture for 30 days, until March 4, 2006, after which it will decide whether to approve it. Comments can be sent to: FTC, Office of the Secretary, 600 Pennsylvania Ave., N.W., Washington, DC 20580. Public versions of the petition and motion can be found on the FTC’s Web site and as a link to this press release. (FTC File No. 051 0051, Docket No. C-4152; the staff contact is Richard H. Cunningham, 202-326-2214; see press release dated October 4, 2005.)
Budget request and GPRA Performance Plans submission to Congress: The Commission has approved the following documents: 1) the FTC’s FY 2007 Budget Overview Statement; 2) the Government Performance and Results Act (GPRA) Performance Plans for FY 2006 and FY 2007; and 3) an Update of the President’s Management Agenda Exhibit. These documents are part of the FTC’s formal budget request that was submitted to Congress on February 6, 2006, simultaneously with the President’s submission of the FY 2007 budget for the U.S. government. The Commission vote to submit the budget request, performance plans, and management agenda exhibit to Congress was 5-0. (FTC File No. P859900; the staff contact is James Baker, Acting Chief Financial Officer, 202-326-3168.)
Copies of the documents mentioned in this release are available from the FTC’s Web site at http://www.ftc.gov and from the FTC’s Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, DC 20580. Call toll-free: 1-877-FTC-HELP.
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