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.