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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Coronavirus pushes traditional businesses into the digital age

Illustration: Aïda Amer/Axios

A slew of old-line industries that once hesitated to embrace digital technologies are now being forced to do so for the sake of survival.

Why it matters: Once consumers get used to accessing services digitally — from older restaurants finally embracing online ordering, or newspapers finally going all-digital — these industries may find it hard to go back to traditional operations.

America's grimmest month

Trump gives his Sunday press briefing in the Rose Garden. Photo: Tasos Katopodis/Getty Images

President Trump asked Americans to continue social distancing until April 30, officials warned that tens or even hundreds of thousands of Americans could die — and that's the least depressing scenario.

Why it matters: April is going to be very hard. But public health officials are in agreement that hunkering down — in our own homes — and weathering one of the darkest months in American history is the only way to prevent millions of American deaths.

Exclusive: Civil rights leaders oppose swift move off natural gas

Photo Illustration: Eniola Odetunde/Axios

Top American civil-rights activists are opposing an abrupt move away from natural gas, putting them at odds with environmentalists and progressive Democrats who want to ban fracking.

Driving the news: In recent interviews, Revs. Al Sharpton and Jesse Jackson and National Urban League President Marc Morial said energy costs are hitting people of color unfairly hard. These concerns, expressed before the coronavirus pandemic, are poised to expand as paychecks shrink across America.