Hospital operator HCA, which was taken public by its PE owners in March, rises 10.4% after...

|About: HCA Holdings, Inc. (HCA)|By:, SA News Editor

Hospital operator HCA, which was taken public by its PE owners in March, rises 10.4% after announcing it will repurchase 80.7M shares from Bank of America (BAC). Three BofA-appointed board members will resign following the transaction, which will roughly give the bank a 3x return on its investment, originally made by Merrill Lynch's PE arm.