Blackstone to buy CoreTrust from HCA unit


The world’s largest alternative asset manager agreed to buy a majority stake in CoreTrust, a business that started within a supply arm for hospital giant HCA Healthcare Inc, Blackstone executives said.HCA’s HealthTrust subsidiary will continue to hold a minority stake in CoreTrust.

LONDON: Blackstone Inc is buying a company that controls how a swath of businesses owned by private equity firms secure and pay for goods and services as varied as printers, pallets and postage.

The world’s largest alternative asset manager agreed to buy a majority stake in CoreTrust, a business that started within a supply arm for hospital giant HCA Healthcare Inc, Blackstone executives said.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Asian stocks rise, dollar weak as US yields tick down
Bank Negara, BIS drive global cross-border payment innovation with Project Nexus
China to speed up capital market opening
Hextar Global records higher net profit of RM19.71mil in 3Q
FBM KLCI tracks regional gains
Resorts World Sentosa's casino licence renewed for shorter period due to "unsatisfactory" tourism performance
Malaysia's exports grow 1.6% in Oct 2024
Boeing to lay off over 2,500 workers in US as part of sweeping cuts
Ringgit rises on US dollar correction
Bursa Malaysia moves sideways in anticipation of corporate results

Others Also Read