Sheridan Healthcare hires banks for IPO

Target: Sheridan Healthcare Inc

Price: Between $400 million and $500 million

Sponsor: Hellman & Friedman LLC

Financial Advisers: Credit Suisse Group AG, Barclays Plc, Goldman Sachs Group Inc

Owned by private equity firm Hellman & Friedman LLC, the company has hired Credit Suisse Group AG, Barclays Plc and Goldman Sachs Group Inc to lead the offering, which may value the company at more than $2 billion, sister news service Reuters reported, citing the Wall Street Journal.

The company, which outsources physicians for services such as anesthesia management and radiology, currently serves 167 hospitals and medical facilities in the United States, according to its website.

Sheridan was not immediately available for comment. Goldman Sachs, Barclays and Credit Suisse could not be reached.

Arnab Sen is a correspondent for Reuters in Bangalore.