KKR & Co. L.P.

Wal-Mart stayed on top as its sales crept closer to half-a-trillion dollars. Apple moved into the top five. And UnitedHealth Group continued its steady climb. 

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KKR & Co. L.P. (KKR): Company Profile, Stock Price, News, Rankings

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KKR & Co. L.P. | Fortune

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Many legacy health care systems and hospitals were already in dire shape before the coronavirus turned them on their heads. Hospitals now face a dramatic reduction in revenue and some teeter on the verge of bankruptcy.

Reinventing the hospital

Health

Hospitals now face a dramatic reduction in revenue.

We have a wonderful comment from Woody Woodman, and it really could apply to the entire conference. He says we must avoid our historical response to tragedy. Tragedy which is to mobilize an attack quickly and all for one. And then everything comes down in normal returns. We can't do this after this pandemic. We must stay focused and remain collaborative. How do we do that? Well, you want to check that? One of the I think that, quite frankly, is one of the sort of the silver linings of what we've seen with this crisis, Uh, particularly the Children's hospital space. We've seen the level of collaboration, uh, heretofore unseen, Uh, that the amount of, uh, sharing of better practices real time. I think the other outcome of this crisis is just the idea of speed. We've been able to really stand up some capabilities that we would have said were impossible just 12 weeks ago. So I think that level of collaboration is a part of a genie that we don't want to go back into the bottle. Oh, So, Cliff, could I could I take that one for a sec, please? Um, I think that the opportunity is, um, to get comfortable with the whole friend of any relationship. Other industries recognize that, um, an organization is both going to compete and collaborate, Um, with another organization. Often simultaneously, we have a competitive system here in town. We have co branded our drive up testing sites. We've actually made sure that there's no redundancy. Um, we share PPE numbers were load leveling between systems at this point. Um, and we've harmonized all our clinical trials so that, um, people have consistent criteria for being admitted to them. I think that's fantastic. I think that, um, we will compete in the future in certain areas. But I'd love to continue to see this little but work. So it's hospitals frenemies, a love story. We're going to start to see more and more

KKR co-CEO Henry Kravis at Fortune's Brainstorm Tech | Fortune

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KKR co-CEO Henry Kravis at Fortune's Brainstorm Tech

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