Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for Omnicell, Inc. > News item |
Omnicell to draw on revolver for 340B Link purchase
By Sara Rosenberg
New York, Aug. 12 – Omnicell Inc. plans to use borrowings under its existing $500 million revolving credit facility to help fund the acquisition of Pharmaceutical Strategies Group’s 340B Link business, according to a news release.
Other funds for the $225 million acquisition will come from available cash on the company’s balance sheet.
Closing is expected this year, subject to Hart-Scott-Rodino clearance and the other customary conditions.
Omnicell is a Mountain View, Calif.-based provider of medication management solutions and adherence tools for health systems and pharmacies.
© 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.