Owners Sell PPD to Themselves

WilmingtonBiz reported:

Hellman & Friedman and Carlyle bought PPD in 2011 for about $3.6 billion and returned it to a privately held company.

The new deal, which values PPD at more than $9 billion, is expected to close in the second quarter of this year.

Hellman & Friedman and Carlyle will maintain joint ownership of PPD, with Hellman assuming majority ownership. Both will invest equity from new funds into the company, according to the release.

Monetize to self and bring in tertiary PEU owners.     The Abu Dhabi Investment Authority (ADIA) is part owner of The Carlyle Group.  Fortune reported:

GIC is a major limited partner in Hellman & Friedman.

Hellman Friedman invested with GIC in Universal Underwriters Group, Allfunds Bank, Multiplan
These are hardly arms length deals.  It's all in the PEU family.

This will not bring down healthcare costs.  Flipping health care companies for billions in profits helped ruin healthcare for the average citizen..