HCA: Holdings Inc. (NYSE: CAH) come public this week an initial public offering of about 3.5 billion crowns. Sales are approximately 124 million shares at a price range of $ 27.00 to $ 30.00 per share. This will be another big IPO of private equity to debt, making it the third time that HCA published.
HCA has recently been privatized in the top of the purchase of capital investment in 2006 to 32 billion. The value was $ 21,300,000 plus the assumption of an additional $ 11.7 billion of debt at the time.
HCA is the largest private hospital with hospitals in the U.S. 164 and capacity of 40,000 beds and 104 independent surgery centers in 20 countries. The new company has about 26 billion dollars in debt.
equity sellers want to leave their positions and union membership are huge. Some insurers, BofA and Merrill Lynch, Citigroup, JPMorgan, Credit Suisse, Deutsche Bank, Barclays, Goldman Sachs, Wells Fargo and Morgan Stanley.
In 2009, turnover was U.S. $ 30,052,000 and a net profit of 1.054 billion dollars. Approximately 97% of HCA is the property of Hercules Holding II, an entity owned by Bain Capital, KKR and the private equity arm of Bank of America Corporation (NYSE: BAC). Frist founding family still has them.
Barron's reported last week that many investors may ignore or not see as it should. It should be noted that there are 383 million shares may be issued for resale, after the IPO block expires six months. We know that all these operations are placed on the market, but certainly some, and it affects stock prices.
So there are some things to consider when setting official prices on Wednesday night. Application would have been nice here, but we will not be collected according to the latest data. Recent turmoil in the Middle East and North Africa, is probably eliminated at least part of the question that was out there with the support of venture capital equity in the IPO. higher debt restructuring and the new health care environment is that investors are still trying to figure out the next few years.
Our perception is that the HCA will be prizes in the middle of the range based on the data we saw today. If market sentiment suddenly turns sharply up or down sharply, while prices may vary. We will have a price of $ 28 to $ 29 for a price that the information available today.
