20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
KKR & Co. Inc. (NYSE:KKR) disclosed the acquisition of SunFireMatrix, Inc. for an undisclosed amount.
SunFireMatrix is a software and tech-enabled services platform serving insurance distribution and health plan markets.
KKR is funding the investment through its Health Care Strategic Growth (HCSG) Fund II, which focuses on investing in high-growth healthcare companies to which KKR can be a unique strategic partner in helping reach scale.
Funds managed by Stone Point Capital LLC, SunFireMatrix’s previous majority owner, will remain a significant minority shareholder.
Ali Satvat, KKR’s Partner and Global Head of Health Care Strategic Growth, said, “SunFire is a leading, purpose-built platform with a culture of customer centricity and patient focus that we believe is highly differentiated. We have been impressed by what Dave and the entire SunFire team have achieved and look forward to collaborating closely with them during the next phase of the Company’s growth.”
Also Read: Green Giant Hunt: KKR Targets Encavis In $3B Takeover Play
Johnny Kim, Director at KKR stated, “We are thrilled to support SunFire in its mission to utilize industry-leading technology and best-in-class customer service to create a more seamless and reliable experience for patients, health plans, and its distribution partners.”
As of FY23-end, KKR's cash and investments stood at $29 billion.
Investors can gain exposure to the stock via Northern Lights Fund Trust IV FMC Excelsior Focus Equity ETF (NYSE:FMCX) and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO).
Also Read: KKR Steps Into Seoul’s Urban Rental Market With WEAVE LIVING: A Strategic Move For 1,200 Units
Price Action: KKR shares are down 2.97% at $97.03 on the last check Tuesday.
Image sourced from Shutterstock
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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