What you should know:
1. The new facility is an increase from CRH’s previous $100 million credit facility.
2. CRH committed to borrowing $125 million, with an accordion feature that would allow it to borrow the remaining $75 million if needed.
3. The company’s CFO Richard Bear said the line of credit will allow CRH to “support future value creation initiatives.”
More articles on surgery centers:
Pipeline break near surgery center causes Ohio hospital to reschedule some surgeries
2020 ASC budgets: Where 8 execs are spending the most, and key changes for next year
Stark Law changes in the works & 4 other must-read articles
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
