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Decidedly, KKR is everywhere (besides PagesJaunes Dutch publisher VNU and he is in contention for BMG Publishing). The fund, this time combined with Bain Capital, Merrill Lynch Global Private Equity, and Thomas Frist Jr., the founder of Target, bought a record $ 33 billion dollars Hospital Corporation of America (HCA) American chain of private hospitals. Specifically, this amount includes a valuation of $ 21.3 billion and a debt of $ 11.7 billion. HCA shareholders will be offered a price of 51 dollars per share, a premium of 6.5% over its closing price last Friday, and 18% over its closing price one week ago. The financing of the operation will be done in part by recourse to equity investors (5 to 6 billion dollars, according to U.S. media) and secured debt (more than 15 billion dollars) by Bank of America Citigroup, JP Morgan and Merrill Lynch. This acquisition of HCA marks a new stage in the willingness of private equity firms, each rich with more than 10 billion dollars, target target bigger and bigger. This boom in takeovers (Hertz bought for $ 15 billion in three funds at Carlyle Clayton Dubilier & Rice, the Danish telecoms operator TDC acquired by Apax, Blackstone, KKR and Permira for 10.6 billion dollars, etc. .) by the fund over the last eighteen months reflects the low level of interest rates, the flexibility of the debt markets and the influx of investor money into these funds rather than equity markets. --> It's created for for Thomas F. Frist 3d
Hospital Corporation of America, or HCA (NYSE: CAH) is the largest private hospital group in the world. Based in Nashville, Tennessee, he is considered the main factor that makes this city a hotspot for healthcare. The group operates 273 acute care facilities, surgical centers, psychiatric hospitals and nursing homes in twenty states. It also has clinics in Switzerland and Great Britain. HCA was founded in 1968 by members of the family Frist, Thomas Frist Jr. and his son Thomas Frist. The current leader of the Republican majority in U.S. Senate and son of Thomas Frist, Bill Frist, has a stake in the company. The bulk of his fortune, estimated at around 20 million, is the result of its participation in the HCA. Jack O. Bovender, Jr., meanwhile CEO of HCA. He is a graduate of Duke University. HCA had 2005 revenues of $ 24.5 billion and a profit of 1.4 billion. --> WebSite for Thomas F. Frist III HCA, you do not know maybe it is one of the largest private hospital chains in the U.S.. So that came to this conference in these venerable experts, and what may well be their best interests, I would like to know. Let us recall that HCA was bought in 2006 by KKR (Kohlberg Kravis Roberts & Co = one of the largest investment funds in the world) for the best opportunity to Bain Capital, Merrill Lynch Global Private Equity, and Thomas Frist Jr., through one of the biggest financial transactions ever made (33 billion dollars, yes that much, but the acquisition of TXU - with KKR still in the game definitely was within 45 billion). FYI the transaction in question is an LBO (Leveraged buyout), a specialty of the house. For the field that interests us - health - stress that KKR was also the acquisition of Alliance Boots in 2007 to 25 billion dollars. Alliance Boots news is always the first network of pharmacies in Europe, it provides roughly 125,000 pharmacies, hospitals and health centers, with 380 depots and wants to become simply "the world leader in the distribution of pharmaceuticals and cosmetics ". It has pharmacies in the United Kingdom and Ireland, the Netherlands, Italy and Norway, and Switzerland and Thailand. The group also sells wholesale to France, Spain and Portugal, Germany, Russia, Romania, Egypt and Turkey, either directly or through subsidiaries and would like to install its drugstore chain in France, it is of also lobbying hard these days at the European Union, and it would not surprise me that we see them one day land .. --> Site for Thomas F. Frist 3d |
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