Berkshire ups stake in DaVita

|About: Berkshire Hathaway Inc (BRK.A)|By:, SA News Editor

Berkshire Hathaway (BRK.A) has bought another 1.13M shares in DaVita Healthcare (DVA) to take its total holding in the kidney dialysis company to 37.62M shares, or 17.7%.

The investment is being led by Berkshire fund manager Ted Weschler rather than Warren Buffett.

Last May, Berkshire agreed not to raise its stake above 25%, and not to push for board seats or launch a proxy fight.

DaVita shares are +2.2% to $67.50.