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Berkshire Hathaway Sells DaVita Stake, Shares Plunge 12%

2/15/2025

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Summary

Story summary

Berkshire Hathaway, led by Warren Buffett, sold a major stake in DaVita, leading to a 12% drop in shares on February 13, 2025.
This sale was part of a preplanned agreement, lowering Berkshire's ownership to 45%.
DaVita is grappling with increasing care costs, reporting $24.2 million in expenses from dialysis center closures.
Despite these challenges, DaVita's fourth-quarter earnings surpassed analyst expectations.

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Story summary

Berkshire Hathaway, led by Warren Buffett, sold a major stake in DaVita, leading to a 12% drop in shares on February 13, 2025.
This sale was part of a preplanned agreement, lowering Berkshire's ownership to 45%.
DaVita is grappling with increasing care costs, reporting $24.2 million in expenses from dialysis center closures.
Despite these challenges, DaVita's fourth-quarter earnings surpassed analyst expectations.