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From Slate:

Big business deals usually aren't ironic, but this one surely is. HCA, a firm founded by the family of the Republican Senate majority leader, Bain, a firm whose founders include Massachusetts governor and GOP presidential aspirant Mitt Romney, and KKR, a firm run by Henry Kravis, a major Republican donor, are betting on the continued expansion of government. HCA's sale is essentially a $33 billion investment in the idea that government will take an even bigger role in health care. As Les Funtleyder, health-care strategist at Wall Street firm Miller Tabak + Co., put it this morning, "[T]he buyout firms are making a leveraged bet on an improving economy and the prospect of universal health care."

There’s also the role of Sarbanes-Oxley and nuisance shareholder lawsuits.

Posted by edelfenbein at July 26, 2006 11:24 AM