FRANKFURT, May 11 (Reuters) - The number of kidney
dialysis sessions provided by Fresenius Medical Care
in its top market, the United States, could rise by as much as
2% by the end of the year, its CEO said, as the impact of the
pandemic on patients fades.
WHY IT'S IMPORTANT
Fresenius Medical Care is the world's largest kidney
dialysis company, and the fallout from the pandemic - which led
to an increase in deaths among patients - has weighed heavily on
its shares.
KEY QUOTE
"This year, I'm pleased to say we anticipate U.S. treatment
volumes to rebound from a subdued pandemic era by 0.5 to 2
percent by the end of 2024, keeping us on track to a return to
pre-pandemic levels of 2 to 3 percent by the end of 2025," CEO
Helen Giza said.
Her remarks were posted on the company's website late on
Friday as part of a speech prepared for the May 16 annual
shareholder meeting.
CONTEXT
Fresenius Medical earlier this year said it anticipated a
return to treatment volume growth in the U.S. over the course of
2024, as it slowly recovers from COVID-related deaths among its
patients, many of whom suffer from a range of cardiovascular
conditions.
On Tuesday, it beat first-quarter operating earnings
expectations amid higher pricing and cost-cutting efforts,
confirming its profit outlook for 2024.