There has been a new addition in the string of private-equity deals in America recently. Albertson’s,
a grocery chain; Kinder Morgan, an energy firm and Univision, a Spanish broadcast network figure among billion dollar deals. But the latest one stands to break all records as it summons the title of the largest leveraged buyout. Kohlberg Kravis Roberts (KKR) and Bain Capital along with Merrill Lynch have offered a mammoth sum of $21 billion for HCA, America’s largest hospital chain. The deal also comes with an assurance that the acquirers take up the firm’s debt burden of $11.7 billion. HCA runs 182 hospitals and its annual revenues amount to around $24 billion.For complete IIPM article click here
Source:- IIPM Editorial, 2006
Editor:- Prof. Arindam Chaudhuri
