MENLO PARK, Calif.--(BUSINESS WIRE)--KKR, along with Aisling Capital, today announced the creation of a new platform, Ajax Health (“Ajax”), which will source and provide operational and financial capabilities to a diversified portfolio of emerging medical device companies under the leadership of Duke Rohlen. Mr. Rohlen is a 15-year medical device veteran who has served as President of FoxHollow Technologies and Founder and CEO of CV Ingenuity. Mr. Rohlen successfully sold these businesses to strategic acquirers for aggregate consideration in excess of $1 billion.
“There is a significant need in the medical device space not only for capital but also for operational expertise and guidance,” said Mr. Rohlen. “With Ajax Health, we are eager to provide the resources necessary to enable companies to provide innovative medical treatments for the millions of people who need them.”
“KKR is excited to partner with Duke Rohlen – a proven executive in the medical device industry. He has a fantastic track record of identifying and growing companies through his strategic thinking and the recruitment of strong management talent,” said Jim Momtazee, Member of KKR and Head of KKR’s Health Care industry team.
For KKR, the investment is from its health care growth equity fund, which is focused on high-growth companies for which KKR can be a unique partner in helping reach scale.
ABOUT KKR
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world‐class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners’ capital and brings opportunities to others through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
