Brief: Medical Facilities Forms Joint Venture With NueHealth, Buys 7 Ambulatory Surgical Centers

Medical Facilities

12/01/2018 22:21

Jan 12 (Reuters) - Medical Facilities Corp  DR.TO : 
    * MEDICAL FACILITIES CORPORATION FORMS JOINT VENTURE WITH 
NUEHEALTH, ACQUIRES SEVEN AMBULATORY SURGICAL CENTERS 
    * MEDICAL FACILITIES CORP - JOINT VENTURE, CALLED MFC 
NUETERRA 
HOLDING COMPANY, LLC, WILL BE MAJORITY-OWNED BY MEDICAL 
FACILITIES 
    * MEDICAL FACILITIES CORP - CO'S PORTION OF $46.5 MILLION 
TOTAL 
PURCHASE PRICE WILL BE FUNDED BY CASH, DRAW ON CREDIT 
FACILITIES 
    * MEDICAL FACILITIES CORP SAYS ACQUIRES SEVEN AMBULATORY 
SURGICAL 
CENTERS FROM MERIDIAN SURGICAL PARTNERS OF BRENTWOOD, TENN 
    * MEDICAL FACILITIES CORP - IN AGGREGATE, JV WILL OWN ABOUT 
53% 
EQUITY INTEREST IN CENTERS 
    * MEDICAL FACILITIES - ACQUISITION OF THE 7 CENTERS EXPECTED 
TO BE 
IMMEDIATELY ACCRETIVE TO CO'S CURRENT OPERATIONS 
 
Source text for Eikon:  ID:nCNWNLwP9a  
Further company coverage:  DR.TO  
 
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