DaVita Inc. (DVA) Q1 2022 Earnings Call Transcript

For the period ending March 31, 2022

May 5, 2022 5:00 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good evening. My name is Missy, and I’ll be your conference facilitator today. At this time, I’d like to welcome everyone to the DaVita First Quarter 2022 Earnings Call. [Operator Instructions]

Thank you. Mr. Ackerman, you may begin your conference.

Joel Ackerman

Thank you, and welcome, everyone, to our first quarter conference call. We appreciate your continued interest in our company. I’m Joel Ackerman, CFO and Treasurer. And joining me today is Javier Rodriguez, our CEO.

Please note that during this call, we may make forward-looking statements within the meaning of the federal securities laws. All of these statements are subject to known and unknown risks and uncertainties that could cause the actual results to differ materially from those described in the forward-looking statements. For further details concerning these risks and uncertainties, please refer to our first quarter earnings press release and our SEC filings, including our most recent annual report on Form 10-K and all subsequent quarterly reports on Form 10-Q and other subsequent filings that we make with the SEC. Our forward-looking statements are based on information currently available to us, and we do not intend and undertake no duty to update these statements except as may be required by law.

Additionally, we’d like to remind you that during this call, we will discuss some non-GAAP financial measures. A reconciliation of these non-GAAP measures to the most comparable GAAP financial measures is included in our earnings press release furnished to the SEC and available on our website.

I will now turn the call over to Javier Rodriguez.

Javier Rodriguez

Thank you, Joel, and thank you all for joining the call today. It is an interesting time right now as our country and our world are facing a unique portfolio of onetime events, all happening at the same time. On the positive side, we’re gathering and interacting more as communities and society as COVID infection rates have declined. On the more challenging side, we’re dealing with new economic pressures of inflation, supply channel constraints and the sad consequences from the war between Russia and Ukraine.

As our organization works through these challenges, I think it is critical to keep in mind why DaVita exists. We are a patient-focused organization that provides life-sustaining care to over 240,000 people in 12 countries, which is why I want to start the call by sharing clinical highlights.