The board of directors made its decision to effect a stock split in the form of a dividend in order to increase the number of shares available for trading, which the board believes will lead to an increase in, and a broadening of, the ownership of the Company's common stock. As of May 10, 2004, DVA had 66.4 million shares of common stock outstanding which will increase to approximately 99.6 million shares after the stock split has been effected.
DaVita is a leading provider of dialysis services for patients suffering from chronic kidney failure. The Company operates and provides administrative services to kidney dialysis centers and home peritoneal dialysis programs domestically in 34 states, as well as Washington, D.C. As of March 31, 2003, DaVita operates or provides administrative services to 571 outpatient facilities serving 48,400 patients.
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SOURCE: DaVita, Inc.
CONTACT: LeAnne Zumwalt, Investor Relations of DaVita Inc.,
Web site: http://www.davita.com/