UPDATE: DaVita (DVA) Ramps Higher Early; To Suspend Support for Applications to the American Kidney Fund for Premium Assistance

October 31, 2016 9:35 AM EDT

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(Updated - October 31, 2016 9:39 AM EDT)

DaVita (NYSE: DVA) ramps higher. Shares up 7%.

This morning the company announced that its unit DaVita Kidney Care announced information concerning its patients enrolled in plans governed by the Affordable Care Act

With open enrollment starting tomorrow, and in light of recent statements from the Centers for Medicare & Medicaid Services, DaVita announced that, effective immediately, it will suspend support for applications to the American Kidney Fund ("AKF") for charitable premium assistance by patients enrolled in minimum essential Medicaid coverage who are seeking additional coverage on a 2017 ACA Plan.

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