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.
Under the weight of rising health care costs, an increasing number of people are surging to the Health Insurance Marketplace rather than opting for employer-sponsored plans.