HCA announces $1B public offering that could be used for acquisitions — 4 insights

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Nashville, Tenn.-based HCA Healthcare is offering $1 billion in aggregate principal senior notes, subject to market conditions, the company announced.

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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