Wednesday, July 19, 2006

Leveraged Buyout of HCA (HCA) Fails - WSJ

According to reports from the Wall Street Journal, hospital operator HCA Inc. (NYSE: HCA) was negotiating a massive leveraged buyout that would have been among the largest in history, but the deal fell apart in its final stages.

According to the paper, the bidders were a group that included Bain Capital; Kohlberg Kravis Roberts & Co.; Merrill Lynch Private Equity and the family of Senate Majority Leader Bill Frist, whose father, Thomas Frist, and brother, Thomas Frist Jr., founded HCA.


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