Heritage Provider Network revives plans for potential US$7bil sale

The privately managed care company has been working with advisers to assist in a sales process that’s in the early stages. — Bloomberg

NEW YORK: Heritage Provider Network Inc (HPN) has revived plans for a potential sale, people with knowledge of the matter say, after previous attempts were thwarted by unstable financing markets and a data breach.

The privately managed care company, led by founder Richard Merkin, has been working with advisers to assist in a sales process that’s in the early stages.