Deals
Heritage Provider Network Revives $7 Billion-Plus Sale Plans
- Medical firm sounds out buyout groups about possible deal
- Humana may be interested in taking minority stake in HPN
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Heritage Provider Network Inc. has revived plans for a potential sale, people with knowledge of the matter said, after previous attempts were thwarted by unstable financing markets and a data breach.
The privately held managed care company, led by founder Richard Merkin, has been working with advisers to assist in a sales process that’s in the early stages. It has reached out to buyout firms including Advent International, Carlyle Group Inc., Hellman & Friedman and TPG Inc. to gauge their interest in a potential deal, the people said.