Hospital chain HCA relied heavily on revenue growth in its effort to take the firm private. On

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Hospital chain HCA relied heavily on revenue growth in its effort to take the firm private. On July 24, 2006, management again announced that it would “go private” in a deal valued at \($33\) billion, including the assumption of \($11.7\) billion in existing debt. Would you consider a hospital chain a good or bad candidate for an LBO? Explain your answer.

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