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Announced

Blackstone to acquire a majority stake in CoreTrust from HCA Healthcare.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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United States

Private

Private Equity

commercial sourcing

Business Process Outsourcing

Pending

Acquisition

Majority

Domestic

Friendly

Single Bidder

Synopsis

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Blackstone, a private equity, alternative asset management, and financial services firm, agreed to acquire a majority stake in CoreTrust, a commercial sourcing agency, from HCA Healthcare, a health care facilities operator. Financial terms were not disclosed. HCA’s HealthTrust subsidiary will continue to hold a minority stake in CoreTrust. Blackstone is banking on CoreTrust’s customers to stay on given the advantage of economies of scale, and to hedge against inflation. It also plans to expand the company’s reach beyond its main clientele.

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