PE-Backed HCA Sets Terms for $3.7B I.P.O.

Hospital operator HCA, which is owned by investors including buyout shops Bain Capital and Kohlberg Kravis Roberts & Co., has set terms for an initial public offering, Reuters reported. The company plans to raise $3.7 billion, selling 124 million shares priced between $27 and $30, Reuters said. HCA owns and operates more than 160 hospitals in the United States and England, and was taken private in a $21 billion deal in late 2006.

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