The markets generally hold the national reference labs in high esteem based on their recurring financial performance. LabCorp may be the target for a huge leveraged buyout to take it private (see: LabCorp target of massive private equity buyout). Below are the early details and speculation:
A private equity consortium is aiming to scoop-up lab-testing company, Laboratory Corporation of America Holdings in a huge leveraged buyout and take it private, Mergermarket reported....[It's said that] TPG Capital and Bain Capital were among the few private equity firms that have the wherewithal to join hands to make a run at the lab-testing company which has a market capitalization of $8.1 billion. Other potential players who may become involved in the deal are Blackstone Group, Kohlberg Kravis Roberts, and Madison Dearborn....The company's sheer size would make a leveraged buyout a tall order and equity financing alone could make a buyout difficult as an equity check of $3 billion to $4 billion is expected for the deal....BofA Merrill Lynch is heading efforts to raise capital for the buyout and might partner with other banks to underwrite deal, the site said.
The marketplaces generally hold the nationwide referrals laboratories in high respect based on their persistent financial overall performance.
Posted by: receivable financing | August 29, 2012 at 03:18 AM