Senior Housing News September 24, 2024
An executive of KKR (NYSE: KKR), a private equity giant involved in the senior living industry, is spearheading a new effort aimed at promoting more employee ownership structures.
The executive is Pete Stavros, co-head of global private equity at KKR. In 2019, the company became the capital partner of Waltham, Massachusetts-based Benchmark. The private equity firm also helped fuel Sunrise Senior Living’s move from a public to a privately held company in 2013.
Stavros’ new effort, dubbed “Expanding ESOPs,” was built to promote employee stock-ownership plans. According to the Wall Street Journal, the effort was launched this week. It’s backed by dozens of organizations, including academic institutions, law firms and banks.
On Wednesday, he took to the 2024 NIC...
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