April 15, 2010 (FinancialWire) — U.S. Renal Care, Inc., a privately-held, Texas-based provider of outpatient dialysis services said it has entered into a definitive merger agreement to acquire Dialysis Corp. of America (NASDAQ: DCAI), a Maryland-based provider of outpatient kidney dialysis centers.

Under the terms of the agreement, USRC, through a subsidiary, will launch a tender offer for all of the outstanding common shares of DCA for $11.25 per share in cash, followed by a merger to acquire all remaining outstanding DCA shares at the same cash price paid in the tender offer.

The company said that the offer price represents a premium of around 72 percent over the April 13 closing stock price. The transaction is valued at around $112 million.  

Upon the closing of the transaction, USRC will provide dialysis services to a base of around 5,500 patients through 84 outpatient dialysis facilities across nine states, more than 12 home dialysis programs, and 24 dialysis programs within acute and specialty hospital facilities.

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