DaVita Healthcare Partners (DVA) plans to double its number of outstanding common shares.
On Monday, the kidney care and dialysis service provider announced that it will issue stock dividend in the form of a 2-for1 split of its common stock. The split will be distributed on September 20, to shareholders of record on August 23, 2013.
DaVita delivers kidney care serve at more than 2,000 outpatient facilities across the U.S. It also operates 48 kidney care facilities in ten international markets. More than 159,000 patients in the U.S. are served by the company.
The split will double the number of DaVita’s common shares from a current 106.2 million shares to 212.5 million shares. DaVita will see its first day of post-split trading in September 23.
Billionaire investor Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) holds a stake in DaVita.
Shares of DaVita Healthcare Partners slipped modestly in Monday morning trading.