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The HCA (HCA) deal is on again! I guess no one wants to be on the stock market anymore.

Last week, the WSJ reported that the deal fell apart at the last minute. Now it looks like Bain, KKR and Merrill Lynch will offer $21 billion for HCA.

The company is the largest hospital operator in the country. It was started by Bill Frist's father and brother, although the senator no longer owns any HCA stock.

Private equity is up 77% this year, and I think it will continue. Companies are sitting on huge amounts of cash. Microsoft (MSFT) currently has about $34 billion in the bank, and ExxonMobil (XOM) has $36 billion.

Posted by edelfenbein at July 24, 2006 6:36 AM