HealthCare Partners to launch $585 million term loan A on Monday

By Sara Rosenberg

New York, Nov. 12 - HealthCare Partners Medical Group is scheduled to hold a bank meeting on Monday to launch its proposed $585 million five-year term loan A, according to a market source.

Bank of America, JPMorgan and SunTrust are the lead banks on the deal.

Price talk on the term loan A is Libor plus 200 basis points.

Proceeds will be used to refinance existing debt.

HealthCare Partners is a Torrance, Calif.-based medical group.

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