The nation's biggest hospital operator, HCA Holdings, has scheduled pricing for its multibillion-dollar initial public offering next month, the Wall Street Journal reports.
The Nashville, Tenn., company plans to begin marketing the sale to investors on Tuesday, price the stock on March 9, and trade on the New York Stock Exchange the next day, notes the Tennessean.
HCA's IPO, which was valued at $4.6 billion when it was announced last May, marks the third large private equity-backed IPO to launch in the past two months.
The hospital operator's board approved an increase in its number of authorized shares, giving it enough common shares to sell to the public as part of an IPO, according to the Tennessean.
HCA was taken private in 2006 in a $21 billion leveraged buyout. But its scheduled public offering may surpass Kinder Morgan, which raised roughly $2.9 billion last week, as the largest private equity-backed IPO ever in the United States, notes the WSJ.
For more:
- read the Wall Street Journal article
- read the Tennessean article