DENVER - DaVita Inc . (NYSE: NYSE:DVA), a leading healthcare provider specializing in kidney care services, has announced the appointment of Dennis Pullin as a new independent director to its Board of Directors, effective today.
Pullin brings to the board over three decades of experience in the healthcare industry, including leadership roles across hospitals, academic medical centers, and health systems. He is currently the president and CEO of Virtua Health, a non-profit academic health system in New Jersey.
His previous positions include serving as president of MedStar Harbor Hospital and senior vice president of MedStar Health, as well as executive roles at MedStar Washington Hospital Center and St. Luke's Episcopal Health System.
Pamela Arway, the independent chair of DaVita's Board of Directors, expressed enthusiasm about Pullin's appointment, citing his extensive background in the healthcare system. Javier Rodriguez, CEO of DaVita Inc., also noted Pullin's healthcare expertise and expressed excitement over the new perspectives he will contribute to the company's vision and growth.
Pullin himself remarked on his long-standing admiration for DaVita's dedication to improving health outcomes for complex patient populations and his eagerness to contribute to the transformation of kidney care delivery.
With Pullin's addition, DaVita's Board now includes 11 directors, with over 50 percent diversity. He will also serve on the Compliance and Quality Committee.
DaVita, headquartered in Denver, operates 3,042 outpatient dialysis centers globally, with the majority in the United States. The company has been recognized for its contributions to clinical quality and innovation in kidney care over the past two decades. DaVita's efforts have focused on reducing hospitalizations, improving patient mortality rates, and advocating for equitable, high-quality care standards for kidney patients worldwide.
This expansion of DaVita's board comes as the company continues to navigate an evolving healthcare landscape, aiming to enhance its governance and strategic oversight capabilities.
The information for this article is based on a press release statement.
InvestingPro Insights
As DaVita Inc. (NYSE: DVA) welcomes Dennis Pullin to its Board of Directors, the company's stock market performance and financial health remain a key interest to investors. DaVita has demonstrated robust financials, with a gross profit margin of 31.47% over the last twelve months as of Q1 2023, reflecting its efficiency in managing costs relative to revenue, which stood at $12.14 billion. The company's operating income margin during the same period was 13.19%, indicating a solid operational performance.
InvestingPro Tips highlight the company's strong shareholder yield and aggressive share buyback strategy as positive indicators for investors. Additionally, three analysts have recently revised their earnings upwards for DaVita, suggesting confidence in the company's near-term financial outlook. This optimism is further supported by the fact that DaVita is trading at a low P/E ratio relative to near-term earnings growth, with a P/E ratio of 17.55 and an adjusted P/E ratio of 16.54 for the last twelve months as of Q1 2023.
For those considering an investment in DaVita, the company's strong performance over the last year, with a price total return of 61.7%, and a significant price uptick over the last six months, at 46.51%, may signal a robust investment opportunity. It's noteworthy that DaVita is a prominent player in the Healthcare Providers & Services industry, and its stock generally trades with low price volatility.
Investors seeking more in-depth analysis and additional InvestingPro Tips, which currently number 16 for DaVita, can find them at Investing.com/pro/DVA. To enhance your investment strategy with InvestingPro, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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