Mar 30, 2017

KKR buys into Quorum Health

Henry Kravis, co-founder of KKR & Co. (Evan Vucci / AP)

Private-equity firm KKR & Co. disclosed on Thursday a 5.6% stake in rural hospital chain Quorum Health. The price tag on the shares was $11.3 million.

Why this matters: KKR, led by Henry Kravis and George Roberts, is not shy about forcing transactions or overhauling corporate management. The firm's investment came just a day after Quorum reported an abysmal 2016 with $348 million in losses.

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