KKR to Acquire Envision Healthcare for $5.5 Billion

Nashville, Tenn., provider of physician services had been conducting an auction after announcing a strategic review last fall

Private-equity firm KKR & Co. has reached a deal to buy Envision Healthcare Corp., a provider of services to hospitals, for about $5.5 billion in cash.

On Sunday, The Wall Street Journal reported KKR was nearing a deal for Envision. The all-in price tag makes it one of the largest recent leveraged buyouts. The transaction is valued at $9.9 billion including the assumption of debt.

Under...