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Humana To Sell Majority Stake in Kindred at Home Hospice to CDR
Humana Inc., one of the largest health insurance companies in the United States, has signed a definitive agreement to sell a majority stake in Kindred at Home’s hospice and personal care businesses to New York-based private equity firm Clayton, Dubilier & Rice (CDR) for $2.8 billion. CDR is acquiring a 60% stake in the Kindred at Home personal care and hospice divisions, and Humana will retain the remaining 40%. Humana had previously acquired 40% ownership of Kindred in 2018, with the private equity firms Welsh, Carson, Anderson & Stowe (WCAS) and TPG Capital holding the remaining 60%. Last year, Humana bought out the two firms’ shares for $5.7 billion, and quickly announced plans... Read More »
Another Private Equity Company Ventures into Physician Medical Groups
On March 4, Nordic Capital, a Swedish private equity group, announced that it acquired CARE Fertility, the United Kingdom’s leading fertility clinic group, specifically focusing on IVF treatment. Nordic Capital is a leader in Nordic private equity investments that has invested upwards of $20 billion in more than 120 companies. While CARE Fertility has been at the forefront of IVF science and clinical technology for over 25 years. The company has an outstanding reputation based on its excellent success rates, high medical standards and clinical leadership. It has 23 locations across the United Kingdom. Global law firm White & Case LLP advised Nordic Capital on the... Read More »
Revelstoke Capital Partners Invests In Primary Care
Revelstoke Capital Partners, a Denver-based private equity firm focused on investing in healthcare services companies, announced that it has invested in ClareMedica Health Partners, LLC, a Florida-based leader in value-based primary care serving Medicare Advantage members. Revelstoke Capital Partners is a private equity firm specializing in the healthcare and business services sectors. Revelstoke is based in Denver, Colorado and has approximately $4.3 billion of assets under management. Since the firm’s inception in 2013, Revelstoke has completed 142 acquisitions, which includes 25 platform companies and 117 acquisitions. ClareMedica is a growing health care company that provides... Read More »KKR Closes $4.0 Billion Health Care Strategic Growth Fund II
The leading global investment firm, KKR, announced that it had closed its $4.0 billion fund of KKR Health Care Strategic Growth Fund II. The fund, or HCSG II, is dedicated to health care growth equity investment opportunities, mostly in North America and Europe. KKR is expected to make more healthcare acquisitions in the future and will be investing approximately $500 million of capital in the fund, alongside investors. HCSG II will focus on the biopharmaceutical, medical device, health care services, life science tools, diagnostics and health care information technology sub-sectors. Within the past year, KKR executed several new investments as part of its Health Care Strategic Growth... Read More »
