With HCA IPO, Bain, KKR and BAML Could Triple Their Money--On Paper, Anyway
Who wins with the HCA IPO? The PE firms do, that’s who. Hospital operator HCA is expected to go public early next month (we're hearing the pricing happens on March 9) and the offering represents a boon to its investors. HCA, in case anyone has forgotten, was acquired by an investor group-- comprised of Bain, KKR, Merrill Lynch Global Private Equity (now BAML Capital Partners), and affiliates of HCA founder Dr. Thomas Frist—in November 2006 for about $33 billion. The buyers invested $5.3 billion equity in the deal, according SEC filings.
24 February 2011•3 mins read
