GenesisCare and Kohlberg Kravis Roberts & Co. announced today that agreements have been entered into under which KKR will acquire up to a 63% ownership stake in GenesisCare, an operator of cancer and cardiovascular care centers in Australia.
GenesisCare operates an Australia-wide network of comprehensive cancer and cardiovascular care centers. More than 70 clinics and facilities are located across metropolitan and regional Australia. The company has more than 1,000 employees and is based in Sydney, Australia (www.genesiscare.com.au).
“KKR acknowledges the essential role played by GenesisCare in providing the healthcare outcomes to patients in communities right around Australia,” said Justin Reizes, Head of KKR Australia. ““We look forward to supporting GenesisCare as it seeks to expand services further into areas of unmet need.”
KKR makes private equity, fixed income and other investments in companies in North America, Europe, Asia and the Middle East. The firm has $62 billion in assets under management. In addition to its New York headquarters the firm has offices in Menlo Park, San Francisco, Houston, Washington DC, London, Paris, Hong Kong, Tokyo, Beijing, Mumbai, Dubai and Sydney (www.kkr.com).
