KKR To Pay $350M For Majority Stake In Australian Health Co.

Law360, New York (June 27, 2012, 1:56 PM EDT) -- New York-based private equity giant KKR & Co. LP has agreed to invest roughly $350 million in Australian health care services firm Genesis Care Pty. Ltd. to acquire a majority stake in the company, both firms announced Wednesday.

The companies said that KKR has agreed to acquire up to a 63 percent stake in Sydney-based Genesis Care, which does business under the GenesisCare name and operates a nationwide network of comprehensive cancer and cardiovascular care facilities. GenesisCare has more than 70 clinics and facilities located across...
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