10 Most Successful LBOs and Private Equity Buyouts in History

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2. Hospital Corporation of America

Year: 2006
Nominal value: $32.70 billion
Value in 2017 dollars: $40.36 billion
Buyer: Bain Capital, KKR & Merrill Lynch

When Bain, KKR, and Merrill Lynch partnered up to buy Hospital Corporation of America, the number 2 on our list of most successful LBOs and private equity buyouts in history in 2006, there were plenty of those who were skeptical about the profitability of the move. However, HCA’s profits in the post-LBO period have proved them wrong. In fact, in 2012, the partners stood to gain 3-and-a-half-times their investment, based on the stock price at the time. The deal was so successful that it spurred more than 30 hospital buyouts by funds looking to also score big.

10 Most Successful LBOs and Private Equity Buyouts in History

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