On the record · Company
HCA Healthcare, Inc.
Hospital and healthcare facility operator. Taken private in November 2006 by an investor group through Hercules Holding II, LLC, and returned to public markets in March 2011.
Also known as HCA, Hospital Corporation of America
Research depth
Assessment published
A public assessment based on reviewed evidence is available.
Record updated Aug. 27, 2026
Current ownership
Current owner not established
This record does not identify a current owner. That absence is a gap in the record, not a conclusion about ownership.
Former ownership
Began Nov. 17, 2006; end date not recorded
Control
2 ownership records have an unresolved current/former status.
Ownership and transaction history
Chronology from recorded ownership periods, transactions and reviewed outcome events. Event order does not imply causation.
Nov. 17, 2006
Acquisition completed
Acquirer: Hercules Holding II · Sponsor: Bain Capital · Sponsor: KKR (Kohlberg Kravis Roberts) · Sponsor: Merrill Lynch Global Private Equity · Co-investor: Frist Entities (Thomas F. Frist, Jr. and affiliated entities) · Co-investor: Bank of America Corporation · Co-investor: Citigroup Inc.
Recorded history
Nov. 17, 2006
Date not recorded
Date not recorded
Date not recorded
End date not recorded
What happened under and after ownership
Published ownership assessment
Read The Mixed Ledger assessmentHercules Holding II and HCA Healthcare, Inc. · published Aug. 25, 2026
Reviewed findings
Each finding remains public only while its reviewed evidence remains current.
Distribution to owners
$1.751 billion in the aggregate to stockholders and holders of vested stock options (USD)E3
Distribution to owners
$500 million in the aggregate to stockholders and holders of vested stock options (USD)E3
Distribution to owners
approximately $2.1 billion in the aggregate to stockholders and holders of stock options (USD)E3
Enforcement action
July 24, 2025E6
Sources and evidence
Reviewed evidence
These sources support findings that passed evidence review.
- E1Attorney General Josh Stein Sues HCA Healthcare
North Carolina Department of Justice · Government regulator · Dec. 14, 2023
Supports: Enforcement action
Location: Press release, full text
- E2North Carolina attorney general sues HCA over Mission Health
STAT News · Journalism · Dec. 14, 2023
Supports: Enforcement action
Location: Whole article
- E3HCA Holdings, Inc., Form 424B4 (IPO prospectus)
U.S. Securities and Exchange Commission (EDGAR) · SEC / financial filing · March 11, 2011
Supports: Distribution to owners; Ownership percentage
Location: Dividend Policy / Capitalization discussion
- E4HCA Holdings, Inc., Form 10-Q for the quarter ended March 31, 2011
U.S. Securities and Exchange Commission (EDGAR) · SEC / financial filing · May 11, 2011
Supports: Ownership percentage
Location: Note 10 / Use of Proceeds section confirming IPO completed 2011-03-15, including full exercise of underwriters' option.
- E5HCA Inc., Form 8-K (merger completion, event 2006-11-17)
U.S. Securities and Exchange Commission (EDGAR) · SEC / financial filing · Nov. 24, 2006
Supports: Ownership began
Location: Introductory paragraph and Item 1.01
- E6Attorney General Bonta Secures $1.53 Million Settlement with One of the Nation's Largest Hospital Chains
California Office of the Attorney General · Government regulator · July 24, 2025
Supports: Enforcement action
Location: Full release
- E7Schedule 13G/A Amendment No. 6, Hercules Holding II / HCA Holdings, Inc.
U.S. Securities and Exchange Commission (EDGAR) · SEC / financial filing · Feb. 14, 2017
Supports: Ownership percentage
Location: Cover page Items 5-11; Item 2(a); Item 4(a)
What we do not know
These are gaps in the public record, not findings about the organization.
- An end date is missing for a former ownership period.
Help improve this record
Firsthand experience, public sources and corrections can help close the gaps above.