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Iasis Parent Considers Sale of Hospital Chain

TPG Capital, a Texas-based private equity firm is considering the sale of Iasis Healthcare Corp., which it acquired for approximately $1.4 billion in 2004, according to a Bloomberg Businessweek report.

TPG Capital is reportedly seeking $2.4 billion, or roughly eight times EBITDA, and will work with Bank of America to identify potential buyers.

The hospital operator's first quarter sales (ended Dec. 31, 2011) were up 1.5 percent to $623.7 million, according to the report.

More Articles on Iasis:

IASIS CEO Carl Whitmer's Compensation Hits $5.58M in 2011
IASIS Healthcare's 1Q Profit Down More Than 88%

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