Another dialysis player emerges

The private-equity firm that helped orchestrate the 2004 creation of locally based auto insurer First Acceptance Corp. has teamed with the former CEO of Renal Management to launch another entrant into the dialysis services market. Corva LLC is headquartered outside Denver and already has bought a clinic in Houston. Flexpoint Ford says it will invest up to $75 million in the company led by Jerry Simonsen. Together, they will look to make their mark in a sector that has seen plenty of big deals in the last few years, a number of which involved local players Renal Advantage and DSI.