Skip to comments.HCA in talks over $21 billion buyout offer: WSJ
Posted on 07/23/2006 10:16:06 PM PDT by HAL9000
SAN FRANCISCO (MarketWatch) -- Hospital operator HCA Inc. is in advanced talks to sell itself to an investor group in a transaction that would rank among the largest buyouts ever, according to a media report Sunday.
The proposed deal, valued at $21 billion, not including the value of HCA's debt, could be announced as early as Monday, The Wall Street Journal reported in its online edition citing unnamed people familiar with the talks. See Wall Street Journal story (subscription required).
Factoring in HCA's debt load of $10.6 billion, the deal would narrowly top the record-setting leveraged buyout of RJR Nabisco in 1989, The Journal said.
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What's your opinion of this?
Get the video "Barbarians at the Gate". It's one of the funniest movies I've ever seen, and I learned a thing or two about Kohlberg Kravis Roberts & Co.
I was there when they merged with Columbia Healthcare. It was a nightmare of two very different corporate cultures being forcibly mated. I would hate to be there if this goes through.
Working for a hospital managed by Quorum Health Resources in 1993 was as close as I ever got. Do not miss it one bit. Large corporation make money in spite of themselves.