Gordon: HCA Scaled Urban Hospital Capacity to Attract Top Physicians and Drive Profit
Chris Gordon · Classic Deal: HCA – Chris Gordon, Bain Capital (EP.335) · Aug 28, 2023 · at 12:07
Chris Gordon of Bain Capital explains the underlying operational thesis that drove HCA's growth across metropolitan healthcare markets.
0:00 / 0:17exact quote · 17.6s
720p mp4 · rendered on demand · StarZero watermark
“If we can build the right capacity to be really important hospital systems in any given city, then that is going to put us in a position to be able to make the investments we need to make, to have the right capital base, to be able to attract the right physicians, to be able to deliver great care. If you can deliver great care, then that's going to be a good business.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Chris Gordon
PE IPOs Require Significant Post-IPO Growth Runway to Succeed
“The only way that we as a private equity investor can get value from an exit perspective, from an IPO, is by being able to deliver a company to the public market that has a lot of room to keep growing and creating value over time. Because We're going to be sel…”
Responding to M&A Rumors With Non-Denial Denials Only Fuels Speculation
“We don't engage in any misinformation or anything like that, so generally the best thing you can do is just sit quietly and let it go away on its own, because the more you're making awkwardly worded, non-denial denials, the more you're probably just be contrib…”
Gordon: HCA buyout sat at leading edge of pre-GFC take-private wave
“Shortly after HCA, as the debt markets heading right into the GFC got really hot, there was a period of time where lots of different public to privates could happen and frankly did happen, but HCA was really on the very, very front Edge of that, and maybe you …”
Unsophisticated Boards Threaten Take-Private Deal Value by Moving Slowly
“I've done a number of take privates over the years, and actually one of the hardest ways to do it is when you have an unsophisticated board, because they really just don't know what they need to be worried about, which I think can just cause them to need to mo…”
Gordon: Private companies can execute disruptive operational changes all at once
“In a public company setting, you might blend into that over time. In a private company setting, if it's the right thing to do, you do it all at once and accept the fact that that could create a little bit of disruption, but you're doing it for that long-term g…”
Gordon: HCA buyout focused on tactical optimizations over transformative restructuring
“This actually wasn't a case where we had a lot of very transformative initiatives in mind. HCA was a well-run company, and so this was much more a story about just Really focusing on a longer list of tactical optimizations with the idea that driving that kind …”