< BACK TO SCREENER
Envision Healthcare
bankruptHealthcare — KKR
Deal Terms
Entry Year2018
Entry EV$9.9B
Entry Multiple14.5x
Leverage5.6x
Debt Amount$7B
Outcome
Exit Year2023
Risk Metrics
LTV (est.)71%
Debt / EV0.71x
Notes
$9.9B LBO with ~$7B debt (70.7% leverage). KKR lost $3.5B equity. COVID + No Surprises Act killed surprise billing revenue.
Sponsor
KKR & Co.$638B AUM
Hot Potato History
2018→KKR (Americas Fund XII)($9.9B)
Bankrupt May 2023. KKR's $3.5B equity wiped out.