Envision Healthcare is owned by KKR, a prominent global investment firm. This ownership was established through a significant acquisition.
Background of the Acquisition
KKR completed its acquisition of Envision Healthcare in October 2018. This substantial transaction was valued at approximately $9.9 billion. Following this deal, Envision Healthcare became a privately held entity under KKR's control, integrated into the firm's diverse portfolio of investments.
KKR's Role in Envision Healthcare
As a leading private equity firm, KKR typically invests in companies with the aim of fostering operational improvements and increasing their value over a period, often leading to a future sale or public offering. The acquisition of Envision Healthcare underscored KKR's strategic focus on expanding its presence within the healthcare sector, particularly in areas like physician services and ambulatory care.
- Key Details of the Acquisition:
- Acquiring Entity: KKR
- Acquired Company: Envision Healthcare
- Completion Date: October 2018
- Transaction Value: Approximately $9.9 billion
Even through subsequent developments, Envision Healthcare continued to be referred to as KKR-owned, signifying KKR's ongoing ownership and oversight of the company.