Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Altisource Solutions Sarl > News item |
HealthSouth to draw from credit facility to help fund acquisition
By Wendy Van Sickle
Columbus, Ohio, Aug. 31 – HealthSouth Corp. will draw from its senior secured credit facility to fund part of its $170 million acquisition of the home health agency operations of CareSouth Health System, Inc., according to a press release.
The company will also use cash on hand for the transaction, which is expected to close in the fourth quarter of 2015.
HealthSouth is a Birmingham, Ala.-based provider of post-acute health care services. CareSouth operates a portfolio of 45 home health locations in seven states.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.