Hospital & Medical Practitioners M&A » By The Online Investor Staff, updated Thu., Apr. 25, 2:35 AM
Recent mergers and acquisitions in the Hospital & Medical Practitioners M&A category.
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Slide #12. Community Health Systems, Inc. — Health Management Associates Inc.
Acquirer:
Community Health Systems, Inc. (CYH)
Acquiree:
Health Management Associates Inc. (HMA)
Details:
Community Health Systems, Inc. (the "Company") (NYSE:CYH) today announced that it and its wholly-owned subsidiary CHS/Community Health Systems, Inc. are launching a credit facility financing in connection with the previously announced acquisition of Health Management Associates Inc. ("HMA") (NYSE:HMA). The new credit facility financing includes a new Revolving Credit Facility of $1.0 billion which will replace the Company's existing revolving credit facility and mature in 2019, a new Term Loan A Facility of $1.0 billion which will replace the Company's existing Term Loan A Facility and mature in 2019, an extension of the maturity of certain existing extended term loans maturing in 2017 to 2021, and a new $2.26 billion Term Loan D Facility that will mature in 2021. Proceeds from a portion of the new Term Loan A Facility and the Term Loan D Facility are expected to be applied to finance the acquisition of HMA and refinance existing indebtedness.
Community Health Systems is a holding company. Through its subsidiaries, Co. operates general acute care hospitals and outpatient facilities in communities across the country. Co. healthcare services through the hospitals and outpatient facilities that it owns and operates in generally larger non-urban markets and selected urban markets throughout the U.S. Co. provides range of general and hospital healthcare services and outpatient services to patients. Services provided through Co.'s hospitals and outpatient facilities include general acute care, emergency room, general and other surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric and rehabilitation services.
CYH SEC Filing Email Alerts Service
Open the CYH Page at The Online Investor »
Community Health Systems is a holding company. Through its subsidiaries, Co. operates general acute care hospitals and outpatient facilities in communities across the country. Co. healthcare services through the hospitals and outpatient facilities that it owns and operates in generally larger non-urban markets and selected urban markets throughout the U.S. Co. provides range of general and hospital healthcare services and outpatient services to patients. Services provided through Co.'s hospitals and outpatient facilities include general acute care, emergency room, general and other surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric and rehabilitation services.
CYH SEC Filing Email Alerts Service
Open the HMA Page at The Online Investor »
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