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Labour candidate calls for cash bail-out at Watford General

A Watford prospective parliamentary candidate has called for an immediate cash bail out for Watford General Hospital.

Labour’s Matt Turmaine said West Hertfordshire Hospitals Trust’s four-hour A&E waiting times are up 27 per cent year on year, and trolley waiting times have increased year on year too.

He said: “We recently announced that we will provide an extra £2.5 billion to make sure the NHS survives.

“But I question how these proposals are going to help the trust out of its current difficulties, reflected in an ever increasing demand and a funding crisis.

“Put frankly, our local hospital is at risk of going bust and its failure to meet targets, together with year on year increases in A&E waiting times and trolley waiting times clearly shows what the Conservative/Liberal Democrat government’s re-organisation of our NHS has done to health services in our country.”

The trust’s board heard last month that its planned £14 million deficit for the year 2014/15 had already been hit after just five months and that it would need to borrow £24 million to pay the bills.

In addition the trust has allocated £6 million for the new link road for the Watford hospital.

Turmaine continued: “The complacency of our Mayor and MP in ignoring this crisis is simply breathtaking. Watford hospital needs a bail out now to keep it afloat and new investment in community care and health promotion to deliver the healthcare services that we have the right to expect in Hertfordshire, only Labour will deliver this.”

Lynn Hill, deputy chief executive, said the A&E team had been extremely busy treating 1,000 more patients between July to September compared to the same period last year.

She said the trust had also recorded a 10 per cent increase in the number of sick patients needing to be admitted to wards during that time.

She said: “Our doctors, nurses and other staff are working very hard under difficult circumstances to ensure our patients are seen as quickly as possible.

“Between July and September, 95.2 per cent of patients using our A&E services were treated, admitted or discharged within a maximum of four hours, which is better than the government standard of 95 per cent.

“We have been very public about the financial challenge we face and our teams are working hard to ensure we do not exceed our plan of a £14 million deficit agreed with the Department of Health at the start of the year.

“We have also been transparent about our need for short term financial support, which helps to meet the cash flow linked to our deficit as well as the important investments in hospital buildings and new equipment.

“I am disappointed that Mr Turmaine didn’t speak to us about his concerns over the funding of the new road. If he had, I would have been able to reassure him that the money will be available when it is needed.”

Watford MP Richard Harrington said: “Since I became MP I have secured several millions of pounds worth of investment for Watford General, funding for improved access, a new maternity unit, and an upgrade to the building’s infrastructure to name just a few – as well as working towards a proper long term plan.

“I meet regularly with the NHS Trust, the CCG, doctors and others, to improve how healthcare is delivered in our area.”

Elected Mayor Dorothy Thornhill questioned what Mr Turmaine had done to resolve the hospitals’ deficit and said he needed to learn the system if he aspires to be the town’s MP.

The Liberal Democrat parliamentary candidate said: “He should know better. If he aspires to be Watford’s MP he should lean how the system works. This is just political opportunism.

“I meet regularly with the trust’s chief executive and when I have to swing into action I do, and I do so effectively.”

[…]

Physicians Realty Closes Mezzanine Loan Secured by Interests in Two Leading Specialty Hospitals and Completes …

MILWAUKEE–(BUSINESS WIRE)–

Physicians Realty Trust (DOC) (the “Company”), a self-managed healthcare properties REIT, announced today that it has closed its previously announced mezzanine loan of approximately $6.9 million to affiliates controlled by MedProperties Holdings, LLC (“MedProperties”), a leading Dallas-based private investor in healthcare real estate (the “Loan”).

The Loan is secured by MedProperties’ ownership interest in two special purpose entities that own real estate leased to two specialty hospitals: a stabilized surgical hospital, operated by National Surgical Hospitals in partnership with leading surgeons in San Antonio, Texas; and a new inpatient rehab hospital operated by a joint venture between Scottsdale Healthcare and Select Medical, Inc. (SEM). The Loan has a five-year, interest only term and bears interest at a rate of 9.0% per annum. The Company also has an option, without obligation, to acquire these properties during the fourth year of the Loan.

In addition, the Company announced the completion of the acquisition of an ambulatory surgery center (“ASC”) in Great Falls, Montana for a total cash consideration of $4 million. The ASC is 100% leased to Great Falls Clinic Surgery Center, LLC under a recently signed 15-year absolute, net master lease. Physicians Realty Trust entered into a definitive agreement to acquire the property and subsequently completed the acquisition on December 11, 2013. The purchase price is equal to an 8.5% first year capitalization rate.

John T. Thomas, President and CEO of Physicians Realty Trust, stated, “As we grow our portfolio, we continue to look for creative means of financing our provider partners that will benefit both Physicians Realty Trust and our partners. The closing of this $6.9 million secured mezzanine loan with affiliates of MedProperties demonstrates our ability to create value for the Company and its shareholders through sizeable returns, while enabling our tenant to recapitalize its business. In conjunction with the loan, we have a purchase option to acquire the properties at a later date. This provides a built-in growth opportunity with two very attractive, high quality properties, one of which, The Scottsdale Healthcare Rehabilitation Hospital, was recently recognized by HREI Insights as the Best New Post-Acute New Ground-Up Development for 2013.”

Mr. Thomas added, “We have continued to successfully execute our growth strategy with the acquisition of an ambulatory surgery center in Great Falls, Montana. This property fits well within our portfolio and the transaction demonstrates our ability to achieve solid yields with strong counterparties. Furthermore, it provides us with an additional asset to drive further revenue generation and with 100% of the property on lease, it will help to improve the overall occupancy level of our portfolio.”

About Physicians Realty Trust

Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare. The Company intends to elect to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.

Forward-Looking Statements

This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will” or other similar words or expressions. These forward-looking statements relate to the payment of the dividends. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company’s control, which could cause actual results to differ materially from such statements. These risks and uncertainties are described in greater detail in the Company’s filings with the Securities and Exchange Commission (“SEC”), including, without limitation, the Company’s Prospectus filed pursuant to Rule 424(b)(4) on December 6, 2013. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Mergers, Acquisitions & TakeoversHealth Care Industry Contact:

Physicians Realty Trust


John T. Thomas, 214-543-6611

President and CEO

or

John W. Sweet, 414-978-6467

or

Investors:

The Ruth Group

Stephanie Carrington / David Burke, 646-536-7017/7009

scarrington@theruthgroup.com

/

dburke@theruthgroup.com […]

Alliance HealthCare Services Announces Receipt of Commitments for Incremental Term Loan and Amendment of Its Existing …

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–

Alliance HealthCare Services, Inc. (AIQ), a leading national provider of outpatient diagnostic imaging and radiation therapy services, announced that it has obtained commitments from lenders with respect to a $70 million incremental term loan under its existing senior secured credit agreement (the “Credit Agreement”). The Company intends to use the net proceeds from the borrowings under the incremental term loan facility, together with proceeds from borrowings under its revolving credit facility and cash on hand, to redeem all of its outstanding 8% Senior Notes due 2016 (the “Notes”) in December 2013.

Howard Aihara, executive vice president and chief financial officer, stated, “Our ability to raise $70 million of incremental borrowings under our existing senior secured term loan highlights the ongoing improvement in our business performance and the strength of our balance sheet. The redemption of our 8% Senior Notes will save us approximately $5 million annually and will provide additional flexibility and cash flow to execute upon our strategic initiatives, including ongoing reduction of our debt.”

Key Terms of Incremental Term Loan

Redemption of the Notes, net of the interest expense of the incremental borrowings, will save the Company approximately $5 million in cash interest expense annually Interest rate on the incremental term loan will be the same as the existing term loan at LIBOR plus 3.25% with 1.00% LIBOR floor All other terms, including maturity, of the incremental term loan will match the terms of the existing term loans The incremental term loan will be funded at 99.0% of the principal amount

Incremental Term Loan

Alliance’s new $70 million incremental term loan will be funded at 99.0% of principal amount and will mature on the same date as the existing term loan in June 2019. The incremental term loan will be converted to match all the terms of existing term loans upon funding in December. Interest on the incremental term loan will be calculated, at Alliance’s option, at a base rate plus a 2.25% margin or LIBOR plus a 3.25% margin, subject to a 1.00% LIBOR floor. After completing the transaction including redemption of the Notes, Alliance expects to save approximately $5 million in cash interest on an annualized basis. Closing of the incremental term loan under the existing senior secured credit agreement is subject to completion of satisfactory documentation and satisfaction of other closing conditions.

Alliance expects to use revolver proceeds plus cash on hand to pay fees and expenses related to the incremental term loans and to pay the call premium related to the redemption of the 8% Senior Notes. Alliance’s incremental term loan is expected to close on or about October 11, 2013. The redemption will be effected pursuant to the terms of the indenture governing the 8% Senior Notes, and Alliance intends to initiate the redemption on or around the date of closing of the incremental term loan.

Under the terms of the Credit Agreement, the incurrence by the Company of incremental term loans to redeem the Notes is subject to the requirement that the ratio of total debt to last twelve months Adjusted EBITDA (as defined in the Credit Agreement) be not more than 3.25 to 1.00. The Company amended the Credit Agreement in connection with this transaction to waive compliance with this requirement.

About Alliance HealthCare Services

Alliance HealthCare Services is a leading national provider of advanced outpatient diagnostic imaging and radiation therapy services based upon annual revenue and number of systems deployed. Alliance focuses on MRI, PET/CT and CT through its Imaging division and radiation therapy through its Oncology division. With approximately 1,800 team members committed to providing exceptional patient care and exceeding customer expectations, Alliance provides quality clinical services for over 1,000 hospitals and other healthcare partners in 44 states. Alliance operates 482 diagnostic imaging and radiation therapy systems. The Company is the nation’s largest provider of advanced diagnostic mobile imaging services and one of the leading operators of fixed-site imaging centers, with 130 locations across the country. Alliance also operates 28 radiation therapy centers, including 17 dedicated stereotactic radiosurgery facilities, many of which are operated in conjunction with local community hospital partners, providing treatment and care for cancer patients. With 17 stereotactic radiosurgery facilities in operation, Alliance is among the leading providers of stereotactic radiosurgery nationwide.

Forward-Looking Statements

This press release contains forward-looking statements relating to future events, including statements related to the terms of the incremental term loan under the senior secured credit agreement, the closing of the incremental term loan and the anticipated use of the proceeds therefrom, including the proposed redemption of the remaining balance of the 8% Senior Notes.

In this context, forward-looking statements often address the Company’s expected future business and financial results and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks” or “will.” Forward-looking statements by their nature address matters that are uncertain and subject to risks. Such uncertainties and risks include: changes in financial results and guidance in the event of a restatement or review of the Company’s financial statements; the nature, timing and amount of any such restatement or other adjustments; the Company’s ability to make timely filings of its required periodic reports under the Securities Exchange Act of 1934; issues relating to the Company’s ability to maintain effective internal control over financial reporting and disclosure controls and procedures; the Company’s high degree of leverage and its ability to service its debt; factors affecting the Company’s leverage, including interest rates; the risk that the counterparties to the Company’s interest rate swap agreements fail to satisfy their obligations under these agreements; the Company’s ability to obtain financing; the effect of operating and financial restrictions in the Company’s debt instruments; the accuracy of the Company’s estimates regarding its capital requirements; the effect of intense levels of competition in the Company’s industry; changes in the methods of third party reimbursements for diagnostic imaging and radiation oncology services; fluctuations or unpredictability of the Company’s revenues, including as a result of seasonality; changes in the healthcare regulatory environment; the Company’s ability to keep pace with technological developments within its industry; the growth or lack thereof in the market for imaging, radiation oncology and other services; the disruptive effect of hurricanes and other natural disasters; adverse changes in general domestic and worldwide economic conditions and instability and disruption of credit markets; difficulties the Company may face in connection with recent, pending or future acquisitions, including unexpected costs or liabilities resulting from the acquisitions, diversion of management’s attention from the operation of the Company’s business, and risks associated with integration of the acquisitions; and other risks and uncertainties identified in the Risk Factors section of the Company’s Form 10-K for the year ended December 31, 2012, filed with the Securities and Exchange Commission (the “SEC”), as may be modified or supplemented by our subsequent filings with the SEC. These uncertainties may cause actual future results or outcomes to differ materially from those expressed in the Company’s forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not undertake to update its forward-looking statements except as required under the federal securities laws.

Contact:

Alliance HealthCare Services
Howard Aihara
Executive Vice President
Chief Financial Officer
949-242-5300

[…]

Alliance HealthCare Services Announces Receipt of Commitments for New Senior Secured Term Loan

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–

Alliance HealthCare Services, Inc. (AIQ), a leading national provider of outpatient diagnostic imaging and radiation therapy services, announced that it has obtained commitments from lenders with respect to a new senior secured credit agreement.

Howard Aihara, executive vice president and chief financial officer stated, “Our ability to refinance our new senior secured term loan on such favorable terms is a clear testament to the improvements in our business performance and the strength of our balance sheet. The financing represents yet another positive step in our ongoing effort to maximize the efficiency of our capital structure, while providing the flexibility and cash flow necessary to execute upon our strategic initiatives, including ongoing reduction of our debt. This new facility will allow us to significantly reduce our interest rate and associated interest expense on an ongoing basis, which will translate into increased cash flow for the current fiscal year and beyond. The Company intends to use the net proceeds from this new term loan agreement to finance the repayment of our existing credit agreement and to redeem a portion of our outstanding senior notes. We are appreciative of the support we received from our lead bank, Credit Suisse, our existing lenders who renewed their commitments and a significant number of new lenders.”

Debt Refinancing Highlights

Debt refinancing will save the Company $12 million in cash interest expense annually and approximately $7 million in 2013 Company increases full year guidance for decrease in net debt by $7 million Interest rate decreases to LIBOR plus 3.25% with 1.00% LIBOR floor representing cash savings of approximately $9 million annually The prior Credit Agreement had interest rate of LIBOR plus 5.25% with 2.00% LIBOR floor Significant over-subscription allowed Alliance to upsize term loan from $340 million to $420 million; $80 million upsize to be used to call $80 million of 8.0% Senior Notes, further reducing annual cash interest expense by $3 million

Senior Secured Term Loan Refinancing

Alliance’s new senior secured credit agreement will be comprised of a $420 million term loan maturing June 2019 and a $50 million revolving credit facility maturing June 2018. Interest on the term loan is expected to be calculated, at Alliance’s option, at a base rate plus a 2.25% margin or LIBOR plus a 3.25% margin, subject to a 1.00% LIBOR floor. Prior to the refinancing of its senior secured term loan, Alliance was paying either a base rate plus a 4.25% margin or LIBOR plus a 5.25% margin with a 2.00% LIBOR floor. Excluding the $80 million upsize in the term loan, the change in interest rate on the term loan would save Alliance approximately $9 million in cash interest on an annualized basis.

Interest on the revolving credit facility is expected to be calculated, at Alliance’s option, at a base rate plus an applicable margin of between 2.00% and 2.25% or LIBOR plus an applicable margin of between 3.00% and 3.25%, subject to a 1.00% LIBOR floor. The applicable margins under the revolving credit facility will be based on Alliance’s applicable leverage ratio as calculated under the new senior secured credit agreement. Alliance will pay a 0.50% upfront fee on the amount of the revolving credit facility, and the term loan will be funded at 99.5% of the principal amount. Alliance will also pay a 0.50% per annum fee on the unused amount of the revolving credit facility, subject to a step-down to 0.375% based on Alliance’s applicable leverage ratio. Closing of the new senior secured credit agreement is subject to completion of satisfactory documentation and satisfaction of other closing conditions.

Alliance intends to use the net proceeds from the new senior secured credit agreement to finance the repayment of the $325 million outstanding aggregate principal balance of its existing credit agreement and to call for redemption $80 million in principal amount of its 8% Senior Notes. Alliance expects to use the remaining borrowings under the new senior secured credit agreement to pay fees and expenses related to the new senior secured term loan and to pay the call premium related to the redemption of the 8% Senior Notes. Alliance’s new senior secured credit agreement is expected to close on or about June 3, 2013. The redemption will be effected pursuant to the terms of the indenture governing the 8% Senior Notes, and Alliance intends to initiate the redemption on or around the date of closing of the new senior secured term loan.

Full Year 2013 Guidance Update

As a result of the decrease in interest rates under the new senior secured term loan, Alliance is updating its guidance impacted by the increase in cash flow. On an annualized basis, the Company expects to lower interest expense by approximately $12 million and expects 2013 interest expense to decrease by $7 million, based on the closing date of the facility. The Company’s guidance for decrease in total long-term debt, net of the change in cash and cash equivalents, excluding fees and expenses related to the refinancing, is now expected to range from $32 to $42 million, which is an increase from the prior range of $25 to $35 million. There are no other changes in Alliance’s previously announced 2013 guidance expected to result from the new senior secured credit agreement.

About Alliance HealthCare Services

Alliance HealthCare Services is a leading national provider of advanced outpatient diagnostic imaging and radiation therapy services based upon annual revenue and number of systems deployed. Alliance focuses on MRI, PET/CT and CT through its Imaging division and radiation therapy through its Oncology division. With approximately 1,800 team members committed to providing exceptional patient care and exceeding customer expectations, Alliance provides quality clinical services for over 1,000 hospitals and other healthcare partners in 44 states. Alliance operates 487 diagnostic imaging and radiation therapy systems. The Company is the nation’s largest provider of advanced diagnostic mobile imaging services and one of the leading operators of fixed-site imaging centers, with 129 locations across the country. Alliance also operates 28 radiation therapy centers, including 17 dedicated stereotactic radiosurgery facilities, many of which are operated in conjunction with local community hospital partners, providing treatment and care for cancer patients. With 17 stereotactic radiosurgery facilities in operation, Alliance is among the leading providers of stereotactic radiosurgery nationwide.

Forward-Looking Statements

This press release contains forward-looking statements relating to future events, including statements related to the terms of the new senior secured credit agreement, the closing of the new senior secured credit agreement and the anticipated use of the proceeds therefrom, including the proposed redemption of $80 million in principal amount of the 8% Senior Notes, and the Company’s 2013 guidance, including the impact of the new senior secured term loan on the Company’s guidance for decrease in total debt, net of the change in cash and cash equivalents.

In this context, forward-looking statements often address the Company’s expected future business and financial results and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks” or “will.” Forward-looking statements by their nature address matters that are uncertain and subject to risks. Such uncertainties and risks include: changes in financial results and guidance in the event of a restatement or review of the Company’s financial statements; the nature, timing and amount of any such restatement or other adjustments; the Company’s ability to make timely filings of its required periodic reports under the Securities Exchange Act of 1934; issues relating to the Company’s ability to maintain effective internal control over financial reporting and disclosure controls and procedures; the Company’s high degree of leverage and its ability to service its debt; factors affecting the Company’s leverage, including interest rates; the risk that the counterparties to the Company’s interest rate swap agreements fail to satisfy their obligations under these agreements; the Company’s ability to obtain financing; the effect of operating and financial restrictions in the Company’s debt instruments; the accuracy of the Company’s estimates regarding its capital requirements; the effect of intense levels of competition in the Company’s industry; changes in the methods of third party reimbursements for diagnostic imaging and radiation oncology services; fluctuations or unpredictability of the Company’s revenues, including as a result of seasonality; changes in the healthcare regulatory environment; the Company’s ability to keep pace with technological developments within its industry; the growth or lack thereof in the market for imaging, radiation oncology and other services; the disruptive effect of hurricanes and other natural disasters; adverse changes in general domestic and worldwide economic conditions and instability and disruption of credit markets; difficulties the Company may face in connection with recent, pending or future acquisitions, including unexpected costs or liabilities resulting from the acquisitions, diversion of management’s attention from the operation of the Company’s business, and risks associated with integration of the acquisitions; and other risks and uncertainties identified in the Risk Factors section of the Company’s Form 10-K for the year ended December 31, 2012, filed with the Securities and Exchange Commission (the “SEC”), as may be modified or supplemented by our subsequent filings with the SEC. These uncertainties may cause actual future results or outcomes to differ materially from those expressed in the Company’s forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not undertake to update its forward-looking statements except as required under the federal securities laws.

Contact:

Alliance HealthCare Services

Howard Aihara

Executive Vice President

Chief Financial Officer

(949) 242-5300

[…]

STMicroelectronics Signs Loan Agreement with the European Investment Bank

PR N° C2710C

STMicroelectronics Signs Loan Agreement
with the European Investment Bank

Euro 350 million multicurrency facility supports ST`s R&D investments in Power, MEMS and Sensors, Microcontrollers, Advanced Analog and Healthcare high-growth applications

Euro 350 million floating-rate senior bonds repaid on March 17th with available resources

ST capital structure further strengthened

Geneva, March 26, 2013 – STMicroelectronics (STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has signed a new Euro 350 million loan agreement with the European Investment Bank (EIB). The facility, which has not yet been drawn by ST, is also available in the US$ equivalent amount and has an option for disbursement until September 2014 with final maturity eight years after disbursement.

This new facility, which further strengthens the long-established relationship between ST and EIB, supports ST`s activities in R&D and innovation related to the design and realization of the next generation of technologies and electronic devices for applications in Power, MEMS, Microcontrollers, Advanced Analog and Healthcare. This includes the full cycle from technology R&D and product development to application solutions that include software development and systems integration. These activities are mainly carried out in ST`s Italian sites of Agrate Brianza, Castelletto and Catania.

Furthermore, on March 17th, 2013, ST repaid with available cash the residual Euro 350 million floating-rate senior bonds outstanding with a principal amount of Euro 500 million at issuance. ST`s capital structure, already supported by a net cash position of about US$ 1.19 billion at the end of Q4 2012, and existing committed credit lines for about US$ 490 million, has been further strengthened by this new credit facility from the EIB.

About STMicroelectronics

ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power and automotive products and embedded processing solutions. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people`s life. By getting more from technology to get more from life, ST stands for life.augmented.
In 2012, the Company`s net revenues were $8.49 billion. Further information on ST can be found at www.st.com

For further information, please contact:

INVESTOR RELATIONS:
Tait Sorensen
Group VP, Investor Relations
STMicroelectronics
Tel: +1 602 485 2064
tait.sorensen@st.com

MEDIA RELATIONS:
Nelly Dimey
Director, Corporate Media and Public Relations
STMicroelectronics
Tel: +33 1 58 07 77 85
nelly.dimey@st.com

ST EIB Loan Agreement


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: STMicroelectronics via Thomson Reuters ONE
HUG#1688060

[…]

GE Capital agents credit facilities of $725M for Genesis HealthCare

GE Capital, Healthcare Financial Services announced that it is serving as administrative agent on a $400M asset-based revolving credit facility, and as syndication agent on a $325M cash flow term loan credit facility, for Genesis HealthCare. The financing was used to support Genesis’ acquisition of Sun Healthcare Group, Inc. GE Capital Markets served as joint lead arranger and sole bookrunner for the revolving loan and joint lead arranger and joint bookrunner on the term loan.

[…]

Genesis HealthCare Closes Acquisition Of Sun Healthcare Group – Quick Facts

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Genesis HealthCare Closes Acquisition Of Sun Healthcare Group – Quick Facts

(RTTNews.com) – Genesis HealthCare announced that it completed the acquisition of Sun Healthcare Group Inc. (SUNH).

As per the terms of the agreement, Genesis acquired Sun for $8.50 per share of common stock in cash. The aggregate amount of the merger consideration was approximately $215 million, excluding closing costs and the repayment of approximately $89 million of Sun indebtedness. Genesis financed the transaction using borrowings under a term loan and available cash.

The new company will have nearly 80,000 employees and combined annual revenue of approximately $4.6 billion. The Genesis HealthCare headquarters will remain in Kennett Square, Pennsylvania.

Simultaneous with the Genesis / Sun merger, Sun’s SolAmor Hospice segment was sold to Life Choice Hospice, a provider of in-home hospice care, for approximately $85 million. Net cash sale proceeds of $75 million were used to repay Genesis senior indebtedness. Genesis owns an approximate one-third interest in Life Choice Hospice.

In June 2012, Sun Healthcare Group had said that it signed a definitive agreement to be acquired by Genesis Healthcare. As per the deal, Genesis would acquire Sun Healthcare for $8.50 per share, in cash, resulting in about $275 million net of cash and debt acquired.

For comments and feedback: contact editorial@rttnews.com

http://www.rttnews.com

[…]

Watch Out For Pay Day Loans And Their Risks | Automotive Engine

quick payday loans online Get unsecured personal loan in Chandler Arizona by using quick $ 300 payday loans online no checking account .

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When you are applying for a payday loan, make sure that you are very honest on your app. Unless you know the solution to a number of the inquiries, spend some time to speak with a representative. When you are genuine, you will find that you do have a lesser chance of acquiring a personal loan which you will be unable to reimburse.

Once you take out a payday loan, you happen to be actually taking out your following paycheck in addition dropping a few of it. On the other hand, having to pay this cost is at times required, in order to get via a limited squeeze in your life. Either way, information is potential. Hopefully, this article has motivated anyone to make knowledgeable decisions.

[…]

Ideas And Suggestions For Utilizing Payday Loans Wisely …

Get fast $100 payday loans online Phoenix, AZ no checking account .

Fiscal issues can occasionally demand immediate interest. If only there were some sort of financial loan that folks could possibly get that allowed these people to get cash easily. Thankfully, such a financial loan does exist, and it’s referred to as pay day loan. These report contains all types of suggestions and advice on payday cash loans that you could will need.

Get fast $100 online payday loans Omaha, NE no checking account .

Put together a long list of every debts you might have when acquiring a pay day loan. This includes your healthcare bills, unpaid bills, home loan payments, plus more. Using this type of list, it is possible to decide your monthly bills. Compare them to your monthly income. This will help make certain you make the most efficient feasible determination for paying back the debt.

If you are going via critical fiscal issues, then payday cash loans are certainly not a good choice for you personally. This kind of financial loan is just for all those people who, have accrued intense expenditure that needs to be paid back without delay. People that make an application for these loans ought to, are able to shell out them off in 2 weeks. It is now time that most pay day loan phrases will expire.

Look at the Better business bureau ranking of pay day loan companies. There are several reliable companies around, but there are a few other people that happen to be under reliable. By researching their ranking with all the Better Company Bureau, you happen to be providing your self self confidence you are dealing with one of the honourable types around.

Constantly go through each of the conditions and terms involved with a pay day loan. Establish each and every point of rate of interest, what each and every feasible payment is and just how very much each one of these is. You desire an urgent situation fill financial loan to get you from the present scenarios straight back to in your feet, however it is easy for these scenarios to snowball above many paychecks.

If you would like make application for a pay day loan, you should make sure you understand the outcomes of defaulting on that financial loan. Payday advance lenders are notoriously infamous with regard to their series methods so ensure that you can pay for the financial loan back by the time that it is thanks.

Payday loans can help in desperate situations, but fully grasp that you might be billed finance expenses that can equate to practically fifty percent fascination. This big rate of interest will make repaying these loans impossible. The money will be subtracted starting from your paycheck and may pressure you appropriate back into the pay day loan workplace for more cash.

Well before finalizing your pay day loan, go through each of the small print inside the deal. Payday loans can have a large amount of legitimate terminology secret inside them, and sometimes that legitimate terminology is used to cover up secret rates, substantial-priced late service fees along with other items that can destroy your wallet. Prior to signing, be smart and understand specifically what you are actually signing.

Anytime you can, consider to acquire a pay day loan from the lender personally as opposed to online. There are numerous imagine online pay day loan lenders who could just be stealing your hard earned dollars or private information. Genuine live lenders are generally much more reliable and must provide a less hazardous financial transaction for you personally.

For those who have poor credit, a pay day loan may be a great way to get immediate funds to use for an unpredicted unexpected emergency. Payday advance companies will not likely manage a credit check, nevertheless they should know you are used or receive normal reimbursement from the reliable source.

Make sure to seek advice from the greater Company Bureau well before taking any sort of pay day loan. If you do this, it is possible to discover the trustworthiness of the organization, of course, if almost every other debtors have gotten issues. If you notice that there are tons of issues, no matter how good the supply may appear, steer clear!

As there are typically additional fees and phrases secret there. Many people have the blunder of not undertaking that, plus they wind up owing much more compared to they loaned from the beginning. Make sure that you understand entirely, anything at all you are signing.

Now you took time to see through these ideas and information, you happen to be better equipped to make your decision. The pay day loan can be just what you essential to cover your unexpected emergency dental work, or to fix your vehicle. It may help you save from the terrible condition. Just be sure to use the information you figured out in this article, for the best financial loan.

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Payday Loans No Credit Score Examine-Stop Worrying About …

These days so a lot of folks chatting about the poor credit payday loans and a great deal of men and women looks like familiar with that but are you one particular of individuals people that has use this variety of bank loan just before? If no, then this is the correct article that you ought to go through about, but in circumstance if you have previously making use of this bank loan before, let us explain to you some secrets about it.

Are you still unable to find a way to shell out off your healthcare expenses or some type of small statement? You needn’t be concerned Payday Loans offer you the loans at one of the most thrilling and client pleasant terms and circumstances. These loans offer you you some extremely scintillating bank loan offers which you cannot resist to avail.

These are a handful of motives that can inspire folks to get financial loans to get rid of immediate cash difficulty. You can get over the shortage of money and carry on with life but with a bank loan. Nonetheless, the finest factor is that you do not have to worry about this loan for ages as you can pay off personal debt or loan on following payday. The dilemma is solved. You can carry a tension free and bank loan totally free existence. You can comfort and ease your household and can get pleasure from every minute of your lifestyle.

What is actually the variation in the process of getting a loan online vs . getting a single at a bank? There are types to be filled out with each and submitting is involved in the two, but where does the instant payday mortgage on the web software go? The method of finding a mortgage by way of on the web is like a bank mortgage but is sent to the lender above the internet so every thing is submitted with the click of a mouse.

These days a great deal of people get a payday loan to help them get by way of a tough patch. Here are just a pair of the reasons why folks implement for payday loans las vegas.

And the final explanation why so a lot of folks decide on low-cost logbook financial loans is really since there are no consumer credit score ranking checks. This helps make them dramatically distinctive from financial institution loans. A bank will normally take into account your credit score score and will give you a loan primarily based on what amount of of a threat you will be. A logbook loans works in one more way and consequently there can be no credit score checks.

These financial loans function on a straightforward theory. Debtors get the loan cash on desire inside of a day, and they have to repay the bank loan alongside with curiosity from their subsequent paycheck. Any individual who is of authorized age and has gainful employment with a checking out account can use for these financial loans. The comprehensive course of action of borrowing and reimbursement is done online consequently, there is no require for the borrower to visit any physical office to get swift loans.

High Fees: There are so a lot of costs that some borrowers at some point shell out far more income in charges than the original quantity of the bank loan. For instance, somebody borrows $300 but ends up paying out $400 in fees by yourself, on top of the repayment of the $300. That is like having to pay one hundred% interest, just like a criminal bank loan shark would try to acquire from individuals. Be mindful of the several high expenses that increase up quick in this kind of financial loan.

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