KKR Provides Bespoke Financing Solution to Australian GP Group Family Doctor
KKR, a global investment firm, has announced a bespoke financing solution for Family Doctor, one of Australia's leading GP clinic networks. The financing will enable Family Doctor to accelerate its growth and expansion plans while maintaining its 100% doctor-owned status.
Founded in 2008, Family Doctor operates more than 110 GP-run clinics across key metropolitan and regional areas in Australia, including Victoria, Queensland, Western Australia, New South Wales, the Australian Capital Territory, and South Australia.
The investment comes from KKR's Asia Pacific Credit strategy, which has completed over 50 credit investments in Asia Pacific since 2019, with total transaction value approaching US$21 billion. This partnership will allow Family Doctor to leverage KKR's global network and expertise while pursuing its mission of providing quality healthcare services.
KKR, una società di investimento globale, ha annunciato una soluzione di finanziamento su misura per Family Doctor, una delle principali reti di cliniche mediche generali in Australia. Il finanziamento consentirà a Family Doctor di accelerare i suoi piani di crescita ed espansione, mantenendo il suo status di proprietà al 100% da parte dei medici.
Fondata nel 2008, Family Doctor gestisce oltre 110 cliniche gestite da medici in aree metropolitane e regionali chiave in Australia, comprese Victoria, Queensland, Australia Occidentale, Nuovo Galles del Sud, Territorio della Capitale Australiana e Australia Meridionale.
L'investimento proviene dalla strategia di credito dell'Asia Pacifico di KKR, che ha completato oltre 50 investimenti in credito nell'Asia Pacifico dal 2019, con un valore totale delle transazioni che si avvicina ai 21 miliardi di dollari USA. Questa partnership permetterà a Family Doctor di sfruttare la rete globale e l'esperienza di KKR mentre persegue la sua missione di fornire servizi sanitari di qualità.
KKR, una firma de inversión global, ha anunciado una solución de financiamiento personalizada para Family Doctor, una de las principales redes de clínicas de médicos generales en Australia. El financiamiento permitirá a Family Doctor acelerar sus planes de crecimiento y expansión, manteniendo su estatus de propiedad al 100% por médicos.
Fundada en 2008, Family Doctor opera más de 110 clínicas dirigidas por médicos en áreas metropolitanas y regionales clave en Australia, incluyendo Victoria, Queensland, Australia Occidental, Nueva Gales del Sur, el Territorio de la Capital Australiana y Australia Meridional.
La inversión proviene de la estrategia de crédito de Asia-Pacífico de KKR, que ha completado más de 50 inversiones en crédito en Asia-Pacífico desde 2019, con un valor total de transacciones que se acerca a los 21 mil millones de dólares estadounidenses. Esta asociación permitirá a Family Doctor aprovechar la red global y la experiencia de KKR mientras persigue su misión de proporcionar servicios de salud de calidad.
KKR, 글로벌 투자 회사,가 호주의 주요 GP 클리닉 네트워크 중 하나인 Family Doctor를 위한 맞춤형 금융 솔루션을 발표했습니다. 이 자금 지원을 통해 Family Doctor는 100% 의사 소유 상태를 유지하면서 성장 및 확장 계획을 가속화할 수 있게 됩니다.
2008년에 설립된 Family Doctor는 빅토리아, 퀸즐랜드, 서호주, 뉴사우스웨일스, 호주 수도 특별구, 남호주를 포함한 호주의 주요 대도시 및 지역에서 110개 이상의 의사 운영 클리닉을 운영하고 있습니다.
이번 투자는 KKR의 아시아 태평양 신용 전략에서 이루어졌으며, 2019년 이후 아시아 태평양에서 50개 이상의 신용 투자를 완료하고 총 거래 가치는 210억 달러에 달합니다. 이 파트너십을 통해 Family Doctor는 KKR의 글로벌 네트워크와 전문성을 활용하여 양질의 의료 서비스를 제공하는 사명을 수행할 수 있게 됩니다.
KKR, une société d'investissement mondiale, a annoncé une solution de financement sur mesure pour Family Doctor, l'un des principaux réseaux de cliniques de médecins généralistes en Australie. Ce financement permettra à Family Doctor d'accélérer ses plans de croissance et d'expansion tout en maintenant son statut de propriété à 100 % par des médecins.
Fondée en 2008, Family Doctor exploite plus de 110 cliniques dirigées par des médecins dans des zones métropolitaines et régionales clés en Australie, y compris Victoria, Queensland, Australie-Occidentale, Nouvelle-Galles du Sud, le Territoire de la capitale australienne et l'Australie-Méridionale.
L'investissement provient de la stratégie de crédit Asie-Pacifique de KKR, qui a réalisé plus de 50 investissements en crédit en Asie-Pacifique depuis 2019, avec une valeur totale des transactions approchant les 21 milliards de dollars américains. Ce partenariat permettra à Family Doctor de tirer parti du réseau mondial et de l'expertise de KKR tout en poursuivant sa mission de fournir des services de santé de qualité.
KKR, eine globale Investmentgesellschaft, hat eine maßgeschneiderte Finanzierungslösung für Family Doctor, eines der führenden Netzwerke von Hausarztpraxen in Australien, angekündigt. Die Finanzierung ermöglicht es Family Doctor, seine Wachstums- und Expansionspläne zu beschleunigen und gleichzeitig den Status als 100% in ärztlichem Besitz zu bewahren.
Gegründet im Jahr 2008, betreibt Family Doctor mehr als 110 von Ärzten geführte Kliniken in wichtigen städtischen und regionalen Gebieten in Australien, einschließlich Victoria, Queensland, Westaustralien, New South Wales, dem Australian Capital Territory und Südaustralien.
Die Investition stammt aus der Asien-Pazifik-Kreditstrategie von KKR, die seit 2019 über 50 Kreditinvestitionen im Asien-Pazifik-Raum abgeschlossen hat, mit einem Gesamttransaktionswert von nahezu 21 Milliarden US-Dollar. Diese Partnerschaft wird es Family Doctor ermöglichen, das globale Netzwerk und die Expertise von KKR zu nutzen, während es seiner Mission nachgeht, qualitativ hochwertige Gesundheitsdienstleistungen anzubieten.
- Financing enables expansion while maintaining 100% doctor ownership
- Access to KKR's global network and expertise
- Part of KKR's successful Asia Pacific Credit strategy with US$21B transaction value
- Strong geographical presence with 110+ clinics across Australia
- None.
Insights
KKR's bespoke financing solution to Family Doctor represents a strategic expansion of its private credit business in Australia's healthcare sector. This structure allows Family Doctor to maintain its 100% physician-owned model while accessing institutional capital for expansion and acquisitions in Australia's primary care market.
For KKR investors, this transaction highlights three key aspects of the firm's evolving strategy: (1) continued growth of its Asia Pacific Credit platform, which has deployed nearly
Family Doctor's network of over 110 GP clinics across six Australian territories provides KKR exposure to a scaled healthcare platform with recurring revenue characteristics ideal for credit investments. The primary care sector offers defensive qualities through economic cycles and benefits from favorable demographic trends.
While specific financial terms weren't disclosed, this transaction aligns with KKR's strategy of generating fee-based income from credit investments alongside its traditional private equity business, diversifying its revenue streams and risk profile. The deal structure likely provides KKR with attractive risk-adjusted returns and downside protection compared to equity investments - particularly valuable in the current market environment.
Founded in 2008, Family Doctor provides comprehensive medical care services through its network of more than 110 GP-run clinics located in key metropolitan and regional areas across
KKR’s Asia Pacific Credit platform seeks to provide, among other private credit strategies, bespoke solutions to high-quality companies, entrepreneurs and sponsors that harness the strength of KKR’s private markets investment capabilities and its expertise as one of the largest alternative credit managers globally. These bespoke structures allow entrepreneurs to retain equity ownership and control in their businesses whilst accessing deep capital pools that allow them to meet their objectives to invest in growth or return capital to shareholders.
Diane Raposio, Partner and Head of Asia Credit and Markets, KKR, said, “We are pleased to provide a bespoke financing solution to Family Doctor and Dr. Aziz, who has established one of Australia’s leading networks of GP clinics. Our investment builds on our experience and ability to work with homegrown champions and entrepreneurs in
Dr. Rodney Aziz, Founder, CEO and Principal GP at Family Doctor, said, “Over the last more than 17 years, we have grown from a single clinic to one of Australia’s largest medical centre groups. The bespoke financing solution provided by KKR allows Family Doctor to stay true to our mission of being
KKR is making its investment from its Asia Pacific Credit strategy. In
***
About Family Doctor
Family Doctor is a
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250302805504/en/
Media Inquiries
For more information, please contact:
For Family Doctor
Dr Rodney Aziz, CEO and Principal GP
+61 03 8592 9855
rod@familydoctor.com.au
For KKR
Wei Jun Ong
+65 6922 5813
WeiJun.Ong@kkr.com
Source: KKR & Co. Inc.
FAQ
What is the purpose of KKR's financing solution for Family Doctor?
How many clinics does Family Doctor currently operate in Australia?
What is KKR's track record in Asia Pacific credit investments since 2019?
Which Australian regions are covered by Family Doctor's clinic network?
