Carlyle Group is seeking an initial public offering (IPO) of HCR ManorCare.
June 7, 2011
Carlyle Group is seeking an initial public offering (IPO) of HCR ManorCare, Reuters reports. The company may raise around $500 million through the offering, which will take place in September this year.
Carlyle acquired the healthcare company for $4.9 billion in 2007. In December 2010, it sold most of HCR ManorCare’s real estate assets to HCP in a $6.1 billion sale and leaseback deal.