HCA, Nashville, said it will conduct a special meeting of shareholders on Nov. 16 to seek approval of a planned leveraged buyout by private equity groups, members of the Thomas Frist Jr. family and management. The deal is valued at $33 billion in cash and debt. Shareholders as of Oct. 6 have the right to vote by proxy or in person at the meeting, to be conducted at the companys headquarters in Nashville. If shareholders approve the deal, it is expected to close by year-end, provided the buyout group meets certain conditions. The Federal Trade Commission cleared the deal of antitrust concerns in August. HCA owns or operates 172 hospitals and 95 freestanding outpatient centers in 21 states. -- by Vince Galloro
HCA sets vote on planned buyout
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