Channel Sponsor - Valuation

Sponsored by VMG Health | gregk@vmghealth.com | (214) 369-4888

Foundation Healthcare refinances debt

Share on Facebook
Foundation Healthcare has completed a new $27.5 million term loan and a $2.5 million revolving credit facility.

The seven-year term loan is price at 30-day LIBOR plus 4.25 percent. The revolving credit facility is priced at 30-day LIBOR plus 3.75 percent.  

The new financing structure is expected to result is cash flow savings of $2 million annually.

More Articles on Transactions and Valuation Issues:
57 Ambulatory Surgery Centers Opened or Announced in 2014
USPI Acquires Majority Interest in Somerset Ambulatory Surgery Center
Houston Healthcare Expands Surgery Center

© Copyright ASC COMMUNICATIONS 2014. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

New From Becker's ASC Review

Surgery Partners to divest Florida ASC in FTC settlement

Read Now