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.
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