News Headlines Article

HCA releases details on IPO in filing
Modern Healthcare

HCA, Nashville, provided more details of its initial public offering in a securities filing. HCA first announced the offering in May 2010, and published reports indicate that it expects to move forward with the offering in early March. The filing did not list a date for the offering. HCA plans to sell 87.7 million new shares in the offering. Existing shareholders, principally the three private-equity firms that own the company but also some executives, are offering to sell 36.3 million shares. The investment banks acting as underwriters to the offering have the option of buying up to 18.6 million shares from the existing shareholders.

Commands