Hints and tips:
...The lenders are increasingly confident they can edge out investment banks including JPMorgan Chase and Goldman Sachs in a deal to fund Carlyle’s acquisition of a 50 per cent stake in healthcare analytics...
...It culminated last week with the sale of a $5bn loan that backed KKR’s purchase of a stake in a healthcare technology company known as Cotiviti....
...KKR valued the company at €9.4bn at the end of 2022 — up from a valuation of about €6.8bn when the private equity group staged its 2019 investment....
...The German healthcare group said on Wednesday that Spanish company GED Capital and fertility group IVI RMA, which KKR acquired last year for €3bn, had bought its Barcelona-based fertility business in a deal...
...Veritas Capital is in talks to sell a 50 per cent stake in healthcare technology company Cotiviti to private equity giant KKR, in a deal that would value the business at up to $11bn, according to three people...
...There’s already competition under way between the two camps to finance KKR’s investment in healthcare technology business Cotiviti....
...And after filing for bankruptcy in May, US physician-staffing company Envision Healthcare — which was taken private by KKR in a blockbuster leveraged buyout that valued it at $10bn — was taken over by a...
...Blackstone will sell loans that BCRED owns to the CLO as part of the deal, including debt from software maker Zendesk, cyber security business Mimecast and Unified Women’s Healthcare, which provides business...
...AMS-Osram has staked its future on supplying the automotive and healthcare industries. It is aiming to capture a slice of the burgeoning microLED business....
...Meanwhile, Aleph Alpha says that it can give its clients in sensitive industries such as law enforcement and healthcare “sovereignty” and transparency over their use of its AI software....
...The sector has trillions of dollars invested in industries from real estate and healthcare to energy and manufacturing....
...Envision Healthcare filed for bankruptcy on Sunday just five years after it was taken private by KKR in a blockbuster leveraged buyout that valued the physician-staffing company at $10bn....
...In early March, Carlyle Group appeared close to a takeover that valued healthcare software company Cotiviti at $15bn....
...the cost and availability of healthcare....
...Carlyle Group has abandoned its long-planned investment in healthcare analytics company Cotiviti, according to people briefed on the matter, dealing a blow to the private equity firm as it struggles to raise...
...GIC struck 63 deals involving US-based private companies including in technology, healthcare and property in 2022 and 2021, compared with 39 in 2019 and 2018, according to data by Refinitiv....
...Angelo Gordon, which manages $73bn in assets with 650 employees worldwide, has had important roles in steering recent bankruptcies such as Revlon and Envision Healthcare....
...Morgan Stanley has hired Credit Suisse’s head of healthcare investment banking for the Americas Ryan Bondroff, Bloomberg reports....
...The group manages $3bn in capital and a portfolio of private holdings in the financial services, healthcare and business services sectors....
...News round-up General Electric sets healthcare division spin-off plans (Wall Street Journal) EU opens in depth-investigation in the Vivendi-Lagardère deal (Reuters) Bahrain’s Investcorp buys US private...
...The US hospital staffing company Envision Healthcare, owned by the private equity firm KKR, has the lowest possible junk-grade credit rating and is at risk of bankruptcy, according to Moody’s....
...In 2013, KKR acquired Panasonic’s healthcare division, a business it listed in 2021. It also owns assets ranging from supermarket chain Seiyu to semiconductor manufacturer Kokusai Electric....
...A philanthropic body is therefore backing a buyout group whose own values are typically preceded by dollar signs....
...He said such an offer would be unlikely from a listed healthcare company. “The competition they [KKR] would be worried about would be from other private equity groups,” he said....
...Private equity groups have poured money into US healthcare in recent years, as they see opportunity in an ageing society that spends more than ever on staying healthy....
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