April 8, 2010 / 8:53 PM / 9 years ago

UPDATE 2-HCA IPO seen at $4 bln-$4.5 bln-CNBC

* HCA to file for IPO worth $4-$4.5 bln-CNBC

* HCA meeting with banks in coming weeks-source (Adds detail on meetings with banks)

NEW YORK, April 8 (Reuters) - A planned initial public offering of private equity-owned hospital chain HCA Inc could be worth up to $4.5 billion, CNBC reported on Thursday.

HCA could file as soon as mid-May and debut in mid-July, CNBC said.

Private equity firms have been taking advantage of improved stockmarket conditions to take investments public after a long drought.

HCA, owned by private equity firms including Kohlberg Kravis Roberts & Co [KKR.UL] and Bain Capital, will be meeting with banks in the coming weeks to put together an underwriting group for an upcoming IPO, a source familiar with the situation told Reuters.

The source declined to be identified because the process is private. Nashville, Tennessee-based HCA was bought in a $21 billion leveraged buyout in 2006.

KKR, Bain and HCA declined comment on Thursday. (Reporting by Clare Baldwin and Megan Davies; Editing by Matthew Lewis and Steve Orlofsky)

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