Healthcare & Life Sciences Private Equity Deal Tracker: KKR Acquires SunFire

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KKR has acquired SunFireMatrix, according to a news release.

SunFire, founded in 2016 and based in Carlisle, Mass., is a software and services company providing solutions for the Medicare insurance market.

The private equity platform of Kohlberg Kravis Roberts (KKR) & Co., which is based in New York, considers investments in all industries, including healthcare. Founded in 1976, the firm 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 position.

Funds managed by Stone Point Capital, SunFire’s previous majority owner, will continue to be a significant minority shareholder.

Terms of the acquisition were not disclosed.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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