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Hellman & Friedman-backed Sheridan Healthcare eyes IPO

8 Apr 2014

hospital healthcare medical IV i-v dripPrivate equity-backed physician services provider Sheridan Healthcare has reportedly hired banks for an IPO.

The company, which is backed by firm Hellman & Friedman, has appointed Credit Suisse, Barclays and Goldman Sachs to lead the IPO, said the Wall Street Journal, citing people familiar with the matter.

The IPO could raise between $400m and $500m and value Sheridan at more than $2bn.

Sheridan currently serves more than 311 hospitals and other medical facilities in 25 US states.

Earlier this month it was reported that Hellman & Friedman was planning to raise as much as $8.9bn for its eight buyout fund.

Fundraising is expected to begin in May, the report said, with the vehicle anticipated to be of a similar size to its 2009-vintage vehicle, Hellman & Friedman Capital Partners VII, said Bloomberg.

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