According to an article from Bloomberg, locally based Iasis Healthcare is on the market.
The story in question, put out Friday by the news service, says the Cool Springs-based hospital operator is being shopped by its majority owner, Texas private-equity group TPG Capital. According to Bloomberg, the price tag for the company could climb as high as eight times EBITDA, or roughly $2.4 billion. TPG bought Iasis in 2004 for roughly $1.4 billion.
The report went on to say “TPG probably will sell the company to another private equity firm as few industry competitors have expressed interest.”
According to NashvillePost.com sources, news of the possible sale could come as a bit of a shock to Iasis, which in recent months has appeared to position itself for further growth rather than a possible sale.
Reached by NashvillePost.com, Iasis said that the company’s longstanding policy is not to comment on “any type of speculation in the marketplace.”