Health Care Services Firm HCA Preparing IPO

HCA, Hospital Corporation of America, is preparing an initial public offering in the range of $4 and $4.5 billion. Pending SEC approval, the Nashville-based hospital operator is expected to go public in mid-July.

The company has started talking to potential underwriters and will host a bakeoff within the next couple of weeks.

HCA has an enterprise value of $40 billion, with $25 billion in debt and $15 billion in equity. Upon approval, this would be the second largest IPO issued since 2008.

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