The Deep Risks of 'Asset-Light' Debt
In the spring of 2007, private equity giant TPG decided it was time to pay itself a dividend from its $1.4 billion acquisition of Iasis Healthcare. TPG had bought Iasis, a hospital chain that serves midsize markets, three years before from its founder, private equity firm JLL Partners.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.