Total Renal Warns of Shortfall; 2 Execs Quit

Total Renal Care Holdings Inc., one of the largest U.S. operators of kidney dialysis centers, said late Sunday that its second-quarter results will fall below expectations and that its chairman and chief financial officer have resigned.

Torrance-based Total Renal, which has been facing a raft of problems since merging with rival Renal Treatment Centers Inc., said higher operating expenses and lower sales will cause earnings to drop below the estimated 20 cents to 22 cents per share. The company added that it will incur a pretax charge of about $33 million.

Separately, Total Renal said its board accepted the resignations of Chairman and Chief Executive Victor M.G. Chaltiel, who cited personal and family reasons. Also, Chief Financial Officer John King resigned. No reason was given for his resignation.

Over the past year, the value of Total Renal’s stock has fallen more than 50%. The company operates more than 550 dialysis centers.