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DaVita surges on Medicare’s rate decision

Kent Thiry is the chief executive of DaVita.DaVita HealthCare Partners

DaVita HealthCare Partners Inc., a provider of kidney care services, had the biggest gain in the S&P 500, Bloomberg News reported, after federal regulators scrapped a proposed 9.4 percent reduction in Medicare payments to dialysis providers like DaVita. The company said “the bad news” is that Medicare dialysis rates will be flat in 2014 and 2015 as expenses rise, but “the good news is that Medicare rates will not be decreased next year, when most thought rates would be down.”