HCA filed for an up to $4.6 billion IPO six months ago, saying that the timing of the launch would be based on overall market conditions and sector performance, according to the report.
Community Health Systems and LifePoint Hospitals have recently initiated stock buybacks — a move that signals an IPO in the same sector is unlikely as buybacks typically occur when investor interest in a sector is weakened, according to the report.
Uncertainties surrounding reimbursements and patient levels may have contributed to the weakened interest in the sector, according to the report.
Read The Tennessean report on HCA’s IPO.
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