HCA to Pay $2 Billion Dividend to Private Equity Owners

Before you go, we thought you'd like these...
Before you go close icon
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.

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. So far, HCA has not proceeded with the sale.

Sponsored Links
HCA may benefit from this year's health reform bill, Sheryl Skolnick, an analyst at CRT Capital Group LLC, told Bloomberg News. The bill will ensure coverage for millions of people who are currently uninsured.

HCA reported third quarter profit of $243 million, compared with $196 million a year earlier.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners