The Rise of Multiple Arbitrage in Healthcare

We have seen a material increase in the level of unsolicited activity across healthcare broadly. The sponsor community that's flush with capital has to get deployed in assets and healthcare is a key focus area for many, both large and small. We recently worked with APACs to divest their cleanest-applies business out of Healthium. Really good transaction at the end of last year. KKR growth was the ultimate acquirer of that business.