Day: August 11, 2020

Posted in Business

Business is booming for kidney-care company Fresenius. It took a $137 million bailout anyway.

The full amount going to Fresenius and many other dialysis providers is far higher than what KHN could confirm. The analysis was limited to the portion of grants disclosed by the federal government. And the analysis counted only the grants going to organizations whose primary purpose was providing dialysis. In a securities filing last month, Fresenius disclosed it received a total of $277 million in relief funds under the Cares Act.

The amount going to giant dialysis providers would have been greater if DaVita, the other multinational corporation that dominates dialysis care in the United States, had not turned down $240 million in aid, saying other medical providers needed it more. Fresenius and DaVita each own more than 2,600 dialysis centers nationwide.

Headquartered in Germany, Fresenius Medical Care is focused on patients with kidney failure who need blood-purifying dialysis treatment three times a week to stay alive, billing itself as

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