05.05.2015 21:10:00
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DaVita HealthCare Partners Inc. -- Moody's says DaVita's $495 million settlement agreement is credit negative but will not affect ratings
New York, May 05, 2015 -- Moody's Investor Services commented that DaVita HealthCare Partners Inc.'s ("DaVita") has reached an agreement in principle with the plaintiffs in the Vainer civil suit, in-which the company has accrued an estimated $495 million contingency loss reserve. This development is credit negative because of the relatively large amount, as well as this being the third settlement since 2012, totaling about $1.0 billion in payouts.