Why DaVita Stock Got Rocked This Week
We're in an age when the threat of cyberattacks is real and substantial. Confirming this, veteran healthcare company DaVita (NYSE: DVA) suffered a hacker ambush in recent days, a situation that spooked many investors. As a result, according to data compiled by S&P Global Market Intelligence, DaVita's stock price fell by 10% over the holiday-shortened trading week.
DaVita disclosed the incident on Monday in a regulatory filing. The company said that on the previous Saturday, April 12, it was subject to a ransomware attack. When the attack was discovered by DaVita, the company activated its response protocols. It also implemented containment measures in order to limit the damage; these included isolating systems that were targeted in the incident.
In the document, DaVita said it had activated its contingency plans, stressing that its patient care was continuing unabated. The company runs over 2,600 outpatient dialysis centers spread throughout the U.S.
Source Fool.com
