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VOL. 35 | NO. 9 | Friday, March 4, 2011
Nashville Area
Summary of HCA IPO
THIRD TIME AROUND: Hospital company HCA Holdings Inc. sold shares publicly for the third time since it was founded in 1968 by the father and brother of former Senate Majority Leader Bill Frist.
PRIVATE EQUITY WAVE: The hospital chain raised about $3.79 billion in the IPO, the biggest capital raise by a U.S. company brought to market by a private equity firm.
DEBT LOAD: The Nashville, Tenn., company plans to use its portion of the proceeds to pay down its $28.2 billion in debt.