In 2006, Bain Capital and KKR & Co. paid $21.3 billion to buy out HCA. The firms took HCA public and have been selling off their stakes in HCA since.
Based on HCA’s Dec. 5 closing price, the buy back is valued at about $555.7 million, minus a 1 percent discount, according to the report.
HCA’s board adopted a share repurchase program in October, which is where the funds for the buy back will come from.
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