Apollo, THL explore Capella Healthcare buyout

Buyout firms Apollo Global Management LLC and Thomas H. Lee Partners LP are interested in buying hospital operator Capella Healthcare from its private equity owner, according to several people familiar with the matter, sister news service Reuters reported.

Chicago-based buyout firm GTCR LLC hired Bank of America Merrill Lynch to explore a sale of the Franklin, Tennessee-based hospital operator, in a deal that is expected to fetch less than $1 billion, Reuters reported in September. Apollo and THL ...

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