YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Investment firm KKR & Co. entered a $9.9 billion deal to buy Envision Healthcare.
A source familiar with the matter said KKR arranged for financing that's 7.25 times that of Envision’s earnings before interest, taxes, depreciation and amortization.
Up until a few months ago, regulated lenders could only lend money equal to six times EBITDA. That rule had been in place since 2014.
Read more from the New York Post.
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