CHG Healthcare Services to get new credit facility with buyout

By Sara Rosenberg

New York, Oct. 23 - CHG Healthcare Services plans on getting a new credit facility to help fund its acquisition by Leonard Green & Partners and Ares Management LLC from J.W. Childs Associates LP, according to a market source.

Goldman Sachs & Co. is the left lead bank on the deal.

Closing is expected by the end of the year, subject to customary conditions.

Following the close, existing management will retain a significant equity interest in the company.

CHG is a Salt Lake City-based health care staffing firm.

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