HCA to Pay $2 Billion Dividend to Private Equity Owners
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.
HCA reported third quarter profit of $243 million, compared with $196 million a year earlier.