Blackstone to buy CoreTrust from HCA unit

The world’s largest alternative asset manager agreed to buy a majority stake in CoreTrust, a business that started within a supply arm for hospital giant HCA Healthcare Inc, Blackstone executives said.HCA’s HealthTrust subsidiary will continue to hold a minority stake in CoreTrust.

LONDON: Blackstone Inc is buying a company that controls how a swath of businesses owned by private equity firms secure and pay for goods and services as varied as printers, pallets and postage.

The world’s largest alternative asset manager agreed to buy a majority stake in CoreTrust, a business that started within a supply arm for hospital giant HCA Healthcare Inc, Blackstone executives said.