What you should know:
1. HCA stated the proceeds of the offering will be used for, “general corporate purposes, which may include acquisition.”
2. Several financial institutions are acting as joint book-running managers for the offering.
3. The Nashville Business Journal said while HCA hasn’t specified what the funding will be used for — if the funds go towards an acquisition — it would be new CEO Sam Hazen’s first major move since taking over from former CEO Milton Johnson Jan. 1.
4. HCA was tied to KKR’s purchase of Nashville-based Envision Healthcare in 2018, but the deal never came to fruition. HCA sought to acquire Envision’s ASC unit AmSurg.
More articles on transactions/valuation:
Florida ASC anesthesiologist says ‘NOPE!’ to opioids
ASC supply chain tip of the day: Pay attention to data
Happy 1st birthday Le Bonheur Children’s Outpatient Center
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.