American Renal Associates Will be Acquired by Nautic

Shares of dialysis service provider American Renal Associates  (ARA) – Get Report jumped over 67% Friday after the company entered a definitive agreement to be acquired by Innovative Renal Care, a unit of private equity firm Nautic Partners.

The stock of the Beverly, Mass., company rose 66.50% to $11.60 at last check.

The all-cash deal values ARA at $853 million, the company said. The shareholders at ARA, backed by Centerbridge Partners, will receive $11.50 per share in cash, a premium of 66% to ARA’s closing price on Oct. 1, as per the terms of the agreement.

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