LINTHICUM, Md., Sept. 1, 2004 (PRIMEZONE) -- Dialysis Corporation of America (Nasdaq:DCAI) announced the completion of its purchase of Keystone Kidney Care, in central Pennsylvania. Keystone's two facilities, located in Bedford and Huntingdon, PA, have a combined total of 22 treatment stations, serving the communities in which they are located.
President & CEO Stephen Everett commented: "We continue to be pleased with our expansion efforts in Pennsylvania and are excited to have the professional team of caregivers from Keystone Kidney Care join DCA. The acquisition of these facilities is directly in line with the strategies we have developed for the managed growth of our Pennsylvania market, and our company."
Dialysis Corporation of America owns and operates freestanding kidney hemodialysis centers located in Georgia, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina and Virginia, and provides in-hospital dialysis services on a contract basis to certain hospitals located in the those states. The company provides patients with their choice of a full range of quality in-center, acute or at-home hemodialysis services.
This release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results and plans to differ materially from those anticipated. Those factors include, but are not limited to, certain delays beyond the company's control with respect to future business events, the highly competitive environment in the establishment and operation of dialysis centers, the ability to develop or acquire additional dialysis facilities, whether patient bases of these facilities can expand to provide profitability, regulation of dialysis operations, government rate determination for Medicare reimbursement, and other risks detailed in the company's filings with the Securities and Exchange Commission, particularly as described in the company's annual report on Form 10-K for the fiscal year ended December 31, 2003.
Other Dialysis Corporation of America press releases, corporate profile, corporate governance materials, and the most recent annual report on Form 10-K for the year ended December 31, 2003, our two quarterly reports for fiscal 2004, and other filings with the Securities and Exchange Commission, are available on Dialysis Corporation of America's internet home page: http://www.dialysiscorporation.com.