DaVita Launches Minority Bank Initiative with $1 Million Investment to Support Underserved Communities

DaVita, the nation’s leading provider of dialysis services, today was lauded by D.C. officials and members of the Anacostia community for a $1 million investment in Industrial Bank as part of an initiative aimed at investing in minority communities.

DaVita’s investment in Washington, D.C. is part of the dialysis company’s more than $5 million National Minority Bank Initiative, an effort to create jobs and aid community development in underserved communities across the country including Washington, D.C., Los Angeles, New York City, and Columbia, S.C.

“DaVita is committed to developing business and community partnerships that reflect our diverse base of patients and teammates,” said Kent Thiry, DaVita CEO. “Through our National Minority Bank Initiative, DaVita is supporting the revitalization of underserved neighborhoods it serves by helping minority-owned businesses to thrive.”

In Washington, D.C., DaVita is partnering with Industrial Bank, the oldest and largest minority commercial bank in the metropolitan Washington region. For 75 years, the bank has delivered essential banking and financial services that have contributed greatly to the growth and development of the Washington, D.C. community.

“Industrial Bank is pleased to be a part of the DaVita Corporation’s National Minority Bank initiative and today’s turkey giveaway in Southeast Washington’s Anacostia Community,” said B. Doyle Mitchell, Industrial Bank President and CEO. “Industrial Bank has a strong legacy of community involvement and economic development. Our partnership with DaVita enables us to extend our reach beyond financial matters to positively engage in the overall health and well being of our customers,” added Mitchell.

Announcement of DaVita’s partnership with Industrial Bank of Washington, D.C. was made in conjunction with today’s “Operation: Happy Thanksgiving” Open House in Anacostia, co-hosted by DaVita, Industrial Bank and the American Kidney Fund (AKF), where Anacostia residents were provided immediate assistance with free kidney health risk assessments and turkey-giveaways. DaVita and the American Kidney Fund educated participants on the risk factors for kidney disease including high blood pressure, diabetes and obesity, encouraging anyone who may be at risk to get tested.

Each year, more than 100,000 Americans are diagnosed with End Stage Renal Disease (ESRD) – or kidney failure – and require dialysis or a kidney transplant in order to survive. Today, approximately 527,000 patients in the United States are living with kidney failure — more than half of whom are minorities.

The Washington, D.C. metropolitan area leads the nation in the prevalence of kidney disease with more than 700,000 people affected, nearly 6,000 patients on dialysis, and more than 1,600 waiting for a life-saving kidney transplant. In fact, inside the 20019 zip-code, one of the Anacostia neighborhoods, the age-adjusted rate for new cases of kidney failure is 44 times the national average, according to the Chronic Kidney Disease Atlas.

“Chronic Kidney Disease is a growing health problem in the United States and especially here in the District of Columbia. The American Kidney Fund is pleased to join DaVita in its efforts to raise awareness of this disease in Washington, D.C., where it is disproportionately affecting minorities,” said LaVarne A. Burton, President and CEO of the American Kidney Fund. “Because kidney disease doesn’t always present with symptoms, the free kidney health assessments we provide will help identify those at risk and contribute to the future well-being of our underserved communities.”

The National Minority Bank Initiative was developed by DaVita to help the company participate in the revitalization of underserved communities. The partnership is designed to support efforts and outreach to minorities in communities served by both the minority-owned banks and DaVita.

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