American Renal Associates Holdings, Inc. (NYSE:ARA) seeks acquisitions. The company’s Co-founder, Chairman and Chief Executive Officer, Joseph A. Carlucci said “We're also opening clinics with newly sourced nephrologists, and then we will do acquisitions in a disciplined way." He added: "Well, the doctors are owners of the business, so they're not necessarily incentivized, but -- so what I would tell you is that we will do acquisitions in a very disciplined way. The most important feature that we look for is the right physician partner, and so that's one of the reasons we don't really participate in large -- larger scale acquisitions. We'll do them when it makes sense, in the right market, with the right doctor. And many times, we've purchased clinics from physicians that own 100% of the equity because I think, as you know, it's a labor-intensive business, highly regulated business. And I think we bring a lot of value to operating those clinics side-by-side with those doctors."