The former owner of PRA Health Sciences has sold a big stake in the company, and the CEO of PRA makes news of his own by selling 400,000 shares in the company he runs.

Here are the details as reported by Chris Roush of North Carolina Business News Wire:

  • New York-based KKR sells $711 million stake in PRA Health

RALEIGH — New York-based buyout firm Kohlberg Kravis Roberts & Co. has sold $711 million worth of its stock in Raleigh-based PRA Health Sciences Inc., according to a filing Wednesday with the Securities and Exchange Commission.

The firm, better known as KKR, sold 9.5 million shares on Monday at an average price of $74.85 per share, resulting in the $711 million.

It still owns nearly 13.2 million shares of the clinical drug research company worth nearly $1 billion.

PRA Health’s stock closed Wednesday at $75.16, down 54 cents.

Earlier this month, PRA Health signed an agreement to acquire Symphony Health Solutions Corp. for $530 million in cash, expanding its business in health care data, analytics and consulting.

PRA International was purchased by KKR in 2013 for $1.3 billion, and the company was renamed PRA Health Sciences in 2014 following a series of acquisitions.

KKR had sold a $416 million stake in the company in November 2016.

The company went public in November 2014, selling 17 million shares at $18 per share, raising more than $300 million.

  • PRA Health Sciences CEO Shannon profits $27.6 million in stock trades

RALEIGH — The chief executive officer of PRA Health Sciences Inc. sold 400,000 shares of company stock on Monday, profiting $27.6 million, according to a filing Wednesday with the Securities and Exchange Commission.

Colin Shannon sold the shares at an average price of $74.85, according to the filing. That resulted in proceeds of $29.9 million.

Last week, Shannon had exercised his option to purchase 267,579 shares of at a price of $2.94 per share, spending $786,682. He also exercised his option to purchase 132,421 shares at an average price of $11.73 per share, spending $1.5 million, according to another filing.

Those are the shares that he sold on Monday.

Shannon has been the chief executive officer at the Raleigh-based health care company since Jan. 1, 2010, and has been its president since May 2007. Shannon also served as chief operating officer of PRA International.

He received $5.2 million in total compensation in 2016, up from $977,000 in 2015.