PE Tech Report


Like this article?

Sign up to our free newsletter

Blackstone to acquire CoreTrust from HCA subsidiary

Blackstone is to acquire a majority stake in CoreTrust, a bulk-buy specialist that controls how many businesses owned by private equity firms secure and pay for goods and services as varied as printers, pallets and postage, according to a report by PE Insights.

The world’s largest alternative asset manager agreed to buy the business, which began life as a supply arm for HCA Healthcare, from the hospital giant’s subsidiary HCA HealthTrust. 

Financial terms of the deal, which will see HCA HealthTrust retain a minority stake in CoreTrust, have not been disclosed.

CoreTrust uses the buying power of its customers — mostly companies backed by Blackstone and its investment rivals — to negotiate group discounts with a whole range of service providers covering everything from software subscriptions to the supply ion forklift trucks. 

Like this article? Sign up to our free newsletter