Hospital chain HCA will issue a $2 billion dividend to private-equity owners including KKR & Co. and Bain Capital LLC.
HCA will use a $1.5 billion high-yield bond sale to help pay for the dividend, Bloomberg News reported.
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A private equity consortium purchased HCA for $33 billion four years ago. In May, the company filed to sell as much as $4.6 billion worth of shares in an IPO….
Continue reading HCA to Pay $2 Billion Dividend to Private Equity Owners
HCA to Pay $2 Billion Dividend to Private Equity Owners originally appeared on DailyFinance on Tue, 09 Nov 2010 08:46:00.
Filed Under: Company News, Health Care, Earnings, Insurance