Envision Healthcare: to be taken over by KKR
(CercleFinance.com) - Envision Healthcare and KKR today announce that they have reached a definitive agreement for the investment fund's acquisition of the company's hospital services.
The price of this purchase has been set at 9.9 billion dollars, including debt, or 46 dollars per share. This represents a valuation of 32% of the average price of Envision Healthcare shares since 1 November 2017, when its managers said they were assessing alternative strategies.
The deal is expected to be finalised in the fourth quarter of 2018, KKR said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The price of this purchase has been set at 9.9 billion dollars, including debt, or 46 dollars per share. This represents a valuation of 32% of the average price of Envision Healthcare shares since 1 November 2017, when its managers said they were assessing alternative strategies.
The deal is expected to be finalised in the fourth quarter of 2018, KKR said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.