The investment firm KKR & Co. Inc. (NYSE: KKR) announced Friday that it had entered an agreement to acquire 11,619,998 shares of BrightSpring Health Services (Nasdaq: BTSG) stock from Walgreens Boots Alliance (Nasdaq: WBA). KKR is an existing backer of BrightSpring, which had a share price of $13.85 as of market close on Friday. Based […]
KKR
The home- and community-based services provider BrightSpring Health Services once again is planning to go public. Backed by the PE firm KKR, BrightSpring originally planned to raise $800 million in an IPO. In November of 2022, it ultimately decided against that course of action. Now, an IPO – this time with a goal of raising […]
The public perception of private equity (PE) firms is not always rosy, but for health care providers – especially founder-led ones – they can sometimes be a proverbial knight in shining armor. Innovation, expansion and financial freedom can all be achieved through the backing of a PE firm. Like most things in the world, home-based […]
Global investment firm KKR and an affiliate of Walgreens Boots Alliance Inc. (Nasdaq: WBA) closed on their $1.32 billion acquisition of home- and community-based care BrightSpring Health Services on Wednesday. BrightSpring — formerly ResCare — merged with pharmacy company PharMerica as part of the deal. While home-focused M&A activity has hit record levels over the […]
Private equity (PE) interest in health care spiked last year — with in-home care and hospice deals among the 10 largest in terms of dollars. Overall, there were at least 715 PE deals that closed by the middle of December, according to PitchBook, which provides data and other insights on the private market through a […]
Happy Monday, Home Health Care News audience. Get a jump-start on your week with our must-read news. See what headlines caught our eye around the web and keep reading to see our top stories from last week. A new study found that older adults with higher financial literacy tend to have lower hospitalization rates. The […]
Private equity powerhouse KKR has acquired Nashville-based Envision Healthcare Corporation (NYSE: EVHC), one of the largest doctor-staffing companies in the United States with roughly half a dozen in-home care entities under its umbrella. The $9.9 billion deal, announced Monday, is one of the biggest by a private equity firm in the past couple years, easily […]
Baton Rouge-based Amedisys Inc. (Nasdaq: AMED), one of the nation’s largest home health care providers, has purchased more than 2.4 million of its common shares for approximately $178 million from KKR (NYSE: KKR). The shares represent half the holdings of Amedisys by KKR, a global investment firm based in New York City. The shares were […]
The ongoing purchase offers and subsequent rejections between Kindred Healthcare, Inc. (NYSE:KND) and Gentiva Health Services, Inc. (NASDAQ:GTIV) has invited a new player into the mix, one that analysts assume is likely a private equity suitor for the latter home health giant. Monday, Kindred solicited its newest proposal to Gentiva in response to the company’s […]
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