Wednesday, July 19, 2006

Notablecalls - Paperstand 2

According to the WSJ, HCA (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 during the past few days. The co convened a special board committee to study the offer for a buyout by a group of private-equity firms. But the co's debt load of $11bn made it difficult for lending banks and prospective buyers to offer a price that was high enough to satisfy the co. There was a 10% price difference between the two sides.

Notablecalls: As HCA talks fail, private equity may seek other hospital operators to take over (THC, LPNT, CYH, HMA, TRI, UHS, MGLN, AMSG, MDTH).

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