The new owners of HCA Inc., the nation's largest for-profit hospital chain, will collect $175-million in transaction fees as part of a completed $21.3-billion leveraged buyout to take the company private.
The affiliates of HCA's new owners will also get an additional $15-million or more a year in management fees from the company, according to a report filed by HCA last week with the Securities and Exchange Commission.
The hospital chain was sold on Nov. 17 to HCA management and Hercules Holding II LLC, a consortium of private investment funds including Bain Capital Partners LLC, Kohlberg Kravis Roberts & Co. and Merrill Lynch Global Private Equity.
The deal also involves $16-billion in new debt and the assumption of $11.7-billion in existing debt. Former shareholders will receive $51 for each share of common stock.
Nashville-based HCA operates 172 hospitals and 95 freestanding surgery centers and other facilities that provide outpatient services in 21 states, Britain and Switzerland. HCA has nine hospitals in the Tampa Bay area.