v3.25.4
Acquisitions and Divestitures (Tables)
12 Months Ended
Dec. 31, 2025
Business Combination [Abstract]  
Schedule of Components of Routine Acquisitions During 2025, 2024 and 2023, the Company also acquired other dialysis and related businesses, none of which were individually material except for the 2024 acquisition of DaVita Care Pte. Ltd. (DVC) discussed below.
As part of these other international and routine transactions in 2024 (excluding DVC), the Company acquired a controlling interest in a previously nonconsolidated U.S. dialysis partnership for which it recognized a non-cash gain of $35,147 on its prior investment upon consolidation. The Company estimated the fair value of its previously held equity interest in this business using an appraisal developed with an independent third party valuation firm.
Aggregate consideration – all acquisitions (including DVC)
Aggregate consideration for all acquisitions (including the DVC acquisition in 2024) has been as follows:
Year ended December 31,
202520242023
Cash paid$128,334 $329,187 $27,648 
Contingent purchase price adjustments and liabilities assumed(2,995)50,384 19,801 
Fair value of previously held equity interests10,302 182,270 — 
Aggregate consideration$135,641 $561,841 $47,449 
Number of dialysis centers acquired — U.S.312— 
Number of dialysis centers acquired — International6219812
Aggregate Purchase Cost Allocations for Acquisitions
The following table summarizes the assets acquired and liabilities assumed in these transactions and recognized at their acquisition dates at estimated fair values, as well as the estimated fair value of noncontrolling interests assumed in these transactions:
Year ended December 31,
202520242023
Cash $10,866 $83,119 $1,254 
Other current assets43,982 249,738 6,128 
Property and equipment22,350 94,951 4,130 
Right-of-use lease assets and other long-term assets44,359 97,591 785 
Indefinite-lived licenses9,953 22,725 15,789 
Goodwill71,684 349,069 25,723 
Liabilities assumed(63,258)(201,704)(6,179)
Noncontrolling interests assumed(4,295)(133,648)(181)
$135,641 $561,841 $47,449 
Schedule of other information related to acquired intangibles and goodwill
The amount of goodwill related to these acquisitions recognized or adjusted in 2025, 2024 and 2023 that is deductible for local tax purposes was $10,339, $54,810 and $17,836, respectively.
Acquisition of DaVita Care Pte. Ltd.
Effective November 1, 2024, the Company acquired control of DVC, previously referred to as the Company's Asia Pacific joint venture (APAC JV), through a change in control rights for no cash consideration. The purchase consideration, assets acquired and liabilities assumed for DVC, as detailed below, are included within the "Aggregate consideration — all acquisitions (including DVC)" and "Purchase price allocations — all acquisitions (including DVC)" tables presented above for the year ended December 31, 2024.
In connection with this acquisition, the Company recognized a non-cash gain of $59,067 on its previously held equity interests in the acquiree and realized a related foreign currency gain of $15,252 from foreign currency translation adjustments on this investment which were previously classified in accumulated other comprehensive loss. The Company estimated the fair value of its previously held equity interests of $114,744 using appraisals developed with an independent third party valuation firm.
The following table summarizes the assets acquired and liabilities assumed in this transaction and recognized at the acquisition date at estimated fair values, as well as the estimated fair value of noncontrolling interests assumed in this transaction:
 
As of November 1, 2024
Cash$34,818 
Other current assets44,810 
Property and equipment22,651 
Other long-term assets37,682 
Indefinite-lived licenses15,114 
Goodwill127,207 
Liabilities assumed(54,708)
Noncontrolling interests assumed(112,830)
$114,744 
Pro Forma Summary of Results of Operations
The following summary, prepared on a pro forma basis, combines the results of operations from continuing operations as if all acquisitions in 2025 and 2024 had been consummated as of the beginning of 2024, including the impact of certain adjustments such as amortization of intangibles, interest expense on acquisition financing and income tax effects.
Year ended December 31,
20252024
(unaudited)
Pro forma total revenues$13,723,047 $13,207,237 
Pro forma net income from continuing operations attributable to
 DaVita Inc.
$727,213 $969,664 
Pro forma basic net income per share from continuing operations
 attributable to DaVita Inc.
$9.80 $11.41 
Pro forma diluted net income per share from continuing operations
 attributable to DaVita Inc.
$9.58 $11.11