HCA To Buy Back $500 Million In Shares From Bain, KKR

Law360, New York (October 30, 2013, 7:52 PM EDT) -- Health care giant HCA Holdings Inc. said Tuesday it has agreed to buy back $500 million of stock mainly from affiliates of Bain Capital Partners LLC and Kohlberg Kravis Roberts & Co. LP, as its private equity backers prepare to publicly sell 30 million HCA shares.

Nashville, Tenn.-based HCA said its $500 million repurchase agreement is conditional on and concurrent with the closing of the private equity firms’ 30 million share offering and no shares will be offered by management or the company.

KKR and Bain...
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