Heritage Provider Network Courts Private Equity for $7B-Plus Deal

Heritage Provider Network (HPN), a risk-taking physician organization owned by founder Richard Merkin, is reviving plans to sell itself, Axios confirms. Considered a pioneer of value-based care, HPN has been a closely watched asset for years and has come on and off the market since 2022. First-round bids are due next week for HPN, which is being marketed on $600 million-plus of EBITDA, says a source close to the situation. A deal could value Northridge, California-based HPN at around $7 billion to $8 billion, including debt, as first reported by Bloomberg.

Read the full article: Heritage Provider Network Courts Private Equity for $7B-Plus Deal //

Source: https://www.axios.com/pro/health-tech-deals/2024/03/20/heritage-provider-network-private-equity-7-billion-deal

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