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Simpson Thacher Represents HCA and Its Principal Stockholder in $1.4 Billion Secondary Offering and $500 Million Concurrent Share Repurchase

27 Dec 2013

Simpson Thacher recently represented HCA Holdings, Inc. (“HCA”) and its principal stockholder, an entity affiliated with Bain Capital Partners, LLC and Kohlberg Kravis Roberts & Co., in connection with a secondary offering of 30,000,000 shares of common stock of HCA by the principal stockholder for aggregate gross proceeds of approximately $1.4 billion, and a concurrent share repurchase by HCA of 10,656,436 additional shares from the principal stockholder. The concurrent share repurchase resulted in additional gross proceeds of approximately $500 million.
 
HCA is the largest non-governmental hospital operator in the U.S. and a leading comprehensive, integrated provider of health care and related services.
 
The Simpson Thacher team for this transaction included: Joseph Kaufman, Karen Wang and Michael Guo (Capital Markets) and Nancy Mehlman, Jonathan Cantor, Andrew Purcell, Jonathan Goldstein and Jodi Sackel (Tax).

Matter Type
Banking & Finance - Capital Markets: Equity
Industry
Healthcare, Life Sciences & Chemicals
News Category
Banking & Finance