tampabay.com

HCA's leveraged buyout

By Kris Hundley
Published November 17, 2006


Q&A

What does HCA own in the Tampa Bay area? 

Shareholders in HCA Inc. overwhelmingly approved a $32.7-billion leveraged buyout of the company on Thursday, paving the way for the nation's largest for-profit hospital chain to go private.

What will the buyout mean for patients and employees at these hospitals?

Oak Hill Hospital in Hernando County; Regional Medical Center Bayonet Point and Community Hospital New Port Richey in Pasco County; Largo, Northside, St. Petersburg General and Edward White hospitals in Pinellas County; and Brandon and South Bay hospitals in Hillsborough County.

What will the buyout mean for shareholders? 

HCA has said it does not expect the privatization to affect either staffing or the level of care at its hospitals.

They receive $51 per share of common stock, 18 percent above the stock's closing price before the agreement was made public in July.