KKR To Acquire Covenant Surgical Partners
August 8, 2017
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170808005494/en/
Covenant is a leading acquirer and operator of ambulatory surgery centers (“ASCs”) and physician practices. The Company currently provides gastrointestinal and ophthalmic procedures through 37 ASC and physician practice locations across 17 states. Covenant works in partnership with its affiliated physicians to provide value added financial, operational, and ancillary services to enhance business and clinical operations.
“This transaction marks the next stage of Covenant’s evolution,” said
“Covenant provides an important role in improving patient access and
reducing costs for the health care system. We look forward to partnering
with Covenant in building a premier professional services organization
to support its affiliated surgery centers and physician practices,” said
“It has been a privilege to partner with the Covenant team in building
one of the premier ambulatory surgery platforms and physician services
companies in the nation,” said
The transaction, which is subject to regulatory approvals and other
customary closing conditions, is expected to close in the third quarter
of 2017. KKR is making its investment primarily through its
About
Headquartered in
About KKR
KKR is a leading global investment firm that manages multiple
alternative asset classes, including private equity, energy,
infrastructure, real estate, credit and, through its strategic partners,
hedge funds. KKR aims to generate attractive investment returns by
following a patient and disciplined investment approach, employing
world-class people, and driving growth and value creation with KKR
portfolio companies. KKR invests its own capital alongside its partners’
capital and provides financing solutions and investment opportunities
through its capital markets business. References to KKR’s investments
may include the activities of its sponsored funds. For additional
information about
View source version on businesswire.com: http://www.businesswire.com/news/home/20170808005494/en/
KKR
212-750-8300
media@kkr.com
Source: KKR
Back to Press Releases
Media Contacts
Americas
Miles Radcliffe-Trenner
Telephone: +1 (212) 750-8300
Email: media@kkr.com
Investor Relations
Craig Larson
Telephone: +1 (877) 610-4910
Outside US: +1 (212) 230-9410
Facsimile: +1 (212) 750-0003
Email: Investor-Relations@kkr.com