Brief: Modivcare Inc Says Signed A Purchase Agreement To Acquire Vri Intermediate Holdings, Llc

ModivCare

03/08/2021 11:14

Aug 3 (Reuters) - ModivCare Inc  MODV.O :
    * MODIVCARE INC - SIGNED A PURCHASE AGREEMENT TO ACQUIRE VRI
INTERMEDIATE HOLDINGS, LLC
    * MODIVCARE INC -  UNDER AGREEMENT, WILL ACQUIRE 100 PERCENT
OF
EQUITY INTERESTS IN VRI FOR A PURCHASE PRICE OF $315 MILLION
    * MODIVCARE INC - INTENDS TO FINANCE ACQUISITION WITH FULLY
COMMITTED DEBT FINANCING FROM DEUTSCHE BANK SECURITIES INC. AND
JEFFERIES LLC
    * MODIVCARE INC - EXPECTS IMPACT OF ACQUISITION TO BE
IMMEDIATELY
ACCRETIVE TO ADJUSTED EARNINGS
    * MODIVCARE INC - VRI WILL MAINTAIN ITS FRANKLIN
HEADQUARTERS, AS
WELL AS ITS CARE CENTERS IN FRANKLIN, OHIO, AND SULLIVAN,
ILLINOIS
    * MODIVCARE INC - JASON ANDERSON WILL REMAIN AS VRI CEO

Source text for Eikon:  ID:nBw3T3cYxa 
Further company coverage:  MODV.O 

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