Carlyle Group is in talks about putting together an acquisition offer for Heritage Provider Network, a U.S. urgent care group that has been exploring a sale at a valuation of between $8 billion to $10 billion, REyters reports, citing people familiar with the matter.
Carlyle, a Washington, D.C.-based buyout firm, has been in discussions with other private equity firms about assembling a consortium that would make an offer to acquire HPN, the sources said.
Bloomberg News reported in October 2021 that privately-held HPN was exploring a sale. There is no certainty that a Carlyle-led bid will materialize or that will be attractive enough to clinch a deal with HPN’s controlling shareholder Richard Merkin, who is also the company’s founder and chief executive, the sources added.
HPN generates annual cash flow of around $600 million. Read more.
