Nashville-based hospital company, HCA Holdings, has raised $3.78 billion in an initial public offering (IPO). The company and its backers, Bain Capital, KKR and Bank of America Merrill Lynch’s private equity arm, along with the Frist family that founded the company, sold 126.2 million shares, adds Financial Times. HCA intends to use the net proceeds from the offering to repay certain of its existing indebtedness and for general corporate purposes. The lead arrangers of the sale were BofA Merrill, Citi and JP Morgan.
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