KKR Provides Bespoke Financing Solution to Australian GP Group Family Doctor
02 Mars 2025 - 11:02PM
Business Wire
KKR, a leading global investment firm, and Family Doctor Pty
Ltd. (“Family Doctor”), a leading group of general practitioner
(“GP”) clinics in Australia, today announced a bespoke financing
solution by KKR (through funds managed by KKR) to Family Doctor.
KKR’s bespoke financing solution positions the Family Doctor to
accelerate its growth and expansion, including through
acquisitions.
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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 Australia,
including Victoria, Queensland, Western Australia, New South Wales,
the Australian Capital Territory, and South Australia.
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 Australia, a key market for KKR across multiple
private credit strategies. We look forward to sharing our global
network and expertise to support the Company on their mission to
extend high-quality patient care and their expansion plans.”
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 100%
doctor-owned and providing quality care and services. As we look
forward to scaling our impact and our next phase of growth, we are
delighted to collaborate with KKR on a flexible finance solution
that not only is tailored to our stage of growth but also brings
KKR’s global knowledge and know-how to our platform.”
KKR is making its investment from its Asia Pacific Credit
strategy. In Australia, KKR has provided bespoke solutions to DBG
Health (a leading pharmaceutical company) and Lendi (a leading
fintech), and financings to companies and sponsors across a range
of industries and private credit strategies. Since 2019, KKR has
closed more than 50 credit investments in Asia Pacific, accounting
for a total transaction value of close to US$21 billion.
***
About Family Doctor
Family Doctor is a 100% GP owned group of 110 medical and dental
practices across Australia enabling delivery of 3.2 million high
quality medical consultations to Australians in metro and regional
areas each year. Family Doctor is the fastest growing medical group
in Australia, and is keen to support like-minded practice owners
with their succession planning.
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.
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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
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