Deals
Medical Group Heritage Provider NetworkWeighs $9 Billion-Plus Sale
- Health-care provider is working with an adviser to assist it
- Heritage has $600 million to $700 million of annual Ebitda
Nurses wearing personal protective equipment speak with a patient at a Covid-19 drive-through testing site at the North Inland Live Well Escondido Center in Escondido, California, U.S., on Thursday, April 30, 2020.
Photographer: Bing Guan/BloombergThis article is for subscribers only.
Heritage Provider Network Inc. is exploring a potential sale that could value the private medical group at more than $9 billion, according to people familiar with the matter.
HPN, which is controlled by founder and Chief Executive Officer Richard Merkin, is working with advisers to assist in a sales process that could begin as early as next month, said the people, who asked not to be identified because the information isn’t public.