Healthways to get new bank debt for Axia purchase

By Sara Rosenberg

New York, Oct. 11 - Healthways Inc. plans on using committed bank debt, along with cash on hand, to fund its $450 million acquisition of Axia Health Management, LLC, according to a company news release.

The transaction is expected to close before the end of the year, subject to the satisfaction of customary closing conditions, including obtaining Hart-Scott-Rodino clearance.

Healthways is a Nashville, Tenn.-based provider of health and care support programs and services. Axia is a Tempe, Ariz.-based preventive health care company.

© 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.