Blackstone Group is interested in bidding for wound-care products and hospital beds maker Kinetic Concepts, The Wall Street Journal reports. The deal may value the company at about $5 billion, excluding debt.
Other interested parties for Kinetic include Kohlberg Kravis Roberts. Blackstone has begun to invest cash from a new buyout fund that recently touched $16 billion in commitments.
Click here for the story from The Wall Street Journal.
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