HCA: From Public Company to Private Company, and Back Again

In 2006, we represented HCA Inc. in its $33 billion going-private recapitalization transaction with affiliates of Bain Capital, Kohlberg Kravis Roberts & Co. and Merrill Lynch Global Private Equity. This was the largest domestic leveraged buyout in history at the time.

In March 2011, we represented HCA Holdings, Inc. in the largest private-equity backed initial public offering (IPO) in U.S. history at that time. The shares began trading on the New York Stock Exchange (NYSE) on March 10. Following the IPO, HCA remained controlled by a private investor group comprised of affiliates of, or funds sponsored by, Bain Capital Partners LLC, Kohlberg Kravis Roberts & Co., BAML Capital Partners, Citigroup Inc., Bank of America Corporation and HCA founder, Dr. Thomas F. Frist, Jr.

We continue to provide corporate and securities as well as healthcare regulatory advice to HCA.

HCA Holdings, Inc. (NYSE: HCA) owns and operates hospitals and freestanding surgery centers in the U.S. and in London, England.

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