DaVita Inc.
Market Data Current As Of: September 12, 2026
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DaVita Inc.
Compare market positioning with top industry peers
Explore DaVita
Core profile pages, annual revenue records, and related research hubs for this company.
Company History
Founded 1999 in Denver, Colorado
DaVita traces its current form to the late-1990s turnaround of Total Renal Care which was renamed DaVita in 2000. Kent Thiry led the cultural and operating reset before Javier Rodriguez became CEO in 2019.
DaVita possesses a historic founding story rooted in the early, chaotic privatization of American healthcare, followed by a legendary corporate turnaround that saved the company from bankruptcy. The company was originally founded in 1989 as Medical Care International (which later became Total Renal Care) by an aggressive group of healthcare entrepreneurs who recognized the guaranteed financial opportunity created by the 1972 Medicare dialysis mandate. Throughout the 1990s, Total Renal Care executed a debt-fueled strategy of acquiring hundreds of small, independent dialysis clinics across the country. However, the integration was a disaster. The billing systems failed, the company lost track of amounts of cash, and by 1999, Total Renal Care was functionally bankrupt, facing SEC investigations and a collapsed stock price. The foundational pivot that created the modern company occurred in 1999 when the board hired Kent Thiry as CEO to attempt a turnaround. Thiry, an eccentric and brilliant executive, overhauled the company's culture and financial architecture. He renamed the company DaVita (meaning 'he gives life' in Italian) and famously styled himself as the 'Mayor' of a corporate 'Village.' He instituted rigorous, operational metrics to improve clinical outcomes and fix the billing failures. His turnaround was successful, transforming DaVita from a financial catastrophe into a profitable, cash-generating machine. His success was so that it eventually attracted the attention of Warren Buffett, whose conglomerate, Berkshire Hathaway, became DaVita's largest shareholder, owning roughly 40% of the company today.
Kent Thiry becomes CEO and begins a turnaround of the dialysis provider that later becomes DaVita.
Total Renal Care is renamed DaVita, marking the start of the company's new identity.
DaVita acquires Gambro Healthcare's U.S. dialysis business, significantly expanding its national clinic footprint.
DaVita acquires HealthCare Partners to enter physician-group and integrated care services.
DaVita completes the sale of DaVita Medical Group to Optum and returns focus to kidney care.
Javier J. Rodriguez succeeds Kent Thiry as Chief Executive Officer.
DaVita reports $13.643069B in 2025 revenue and approximately 78,000 teammates.
DaVita acquired Gambro Healthcare's US dialysis business to more than double its size and create a national network competitive with Fresenius Medical Care. Gambro was the third-largest dialysis provider in the United States, and the acquisition established the US dialysis duopoly.
DaVita acquired HealthCare Partners to diversify beyond dialysis into physician group management and integrated care. HealthCare Partners operated medical groups in California, Colorado, Florida, Nevada, New Mexico, and Washington, serving approximately 1.7 million patients.
DaVita has acquired dialysis providers in multiple international markets including Brazil, Colombia, Chile, Ecuador, Malaysia, and Saudi Arabia to expand its global footprint. These acquisitions target markets with underdeveloped dialysis infrastructure and growing demand.
Since its establishment in 1999, DaVita Inc. expanded from an early-stage venture into a recognized leader in Kidney care and dialysis services, overcoming key market challenges.
Over its history, DaVita Inc. executed decisive strategic pivots toward scalable monetization and digital distribution, securing its current market leadership.
By continually modernizing operations and embracing workflow automation, DaVita Inc. maintains resilience through changing technological and economic cycles.