The following is a summary of the DaVita Inc. (DVA) Q1 2024 Earnings Call Transcript:

Financial Performance:

• DaVita reported Q1 2024 adjusted operating income of $463 million and adjusted earnings per share of $2.38.

• The company raised their adjusted operating income guidance to a range of $1.875 billion to $1.975 billion owing to improved operational performance and strategic acquisitions.

• Though initially impacted by a Change Healthcare outage, DaVita has recovered and resumed regular billing and cash collection activities.

• The company predicts wage inflation around 5% for the year and reported strong cost management with their OI growth being above the long-term indication of 3-7%.

Business Progress:

• DaVita continues to emphasize on improving access to kidney transplants for its patients, and is investing in transplant resources and technology to achieve this goal.

• The company expanded internationally, pumping $300 million into enhancing its operations in Brazil and Colombia and establishing businesses in Chile and Ecuador.

• Once recent acquisitions are finalized, DaVita will become the largest dialysis provider in Latin America.

• The company has registered strong clinical outcomes globally, leading to an 11% reduction in hospitalization rates since 2021.

• DaVita is working on improving center utilization and plans to close around 30 centers in the net build this year.

More details: DaVita IR

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