Private 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.
Copyright © 2014 AltAssets