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Healthcare & Life Sciences Private Equity Deal Tracker: KKR to Acquire Covenant Surgical Partners

Posted in Healthcare Services Investing

KKR will acquire Covenant Surgical Partners from several firms which share ownership of the company, according to a press release.

Kohlberg Kravis Roberts (KKR) & Co., based in New York, considers investments in all industries, including healthcare. The firm is publicly traded under the ticker symbol KKR. It prefers to invest in a range of debt and public equity investing and may co-invest, seeking a controlling ownership of a company or a strategic minority positions.

Covenant Surgical Partners, headquartered in Nashville, Tenn., is an acquirer and operator of ambulatory surgery centers and physician practices. The company has 37 facilities in 17 states.

Covenant Surgical Partners is owned by DFW Capital Partners, Iroquois Capital Group, PineBridge Investments and other shareholders.

Financial details of the transaction were not disclosed.