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BRIEF-Akumin To Acquire 27 Imaging Centers Operated Under Advanced Diagnostics Group

Published 2019-04-15, 09:54 a/m
BRIEF-Akumin To Acquire 27 Imaging Centers Operated Under Advanced Diagnostics Group
BBVA
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AKU
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April 15 (Reuters) - Akumin Inc AKUu.TO :

* AKUMIN TO ACQUIRE APPROXIMATELY US$30.3 MILLION OF EBITDA THROUGH EXPANSION IN FLORIDA AND GEORGIA

* AKUMIN INC - TO ACQUIRE 27 IMAGING CENTERS OPERATED UNDER ADVANCED DIAGNOSTICS GROUP

* AKUMIN INC - TOTAL PURCHASE PRICE FOR TARGETS IS APPROXIMATELY US$214 MILLION

* AKUMIN INC - DEAL FOR US$4.00 PER SHARE

* AKUMIN INC - HAS ENTERED INTO A BINDING COMMITMENT LETTER WITH BBVA (MC:BBVA) COMPASS AND BBVA SECURITIES INC

* AKUMIN INC - PURSUANT TO BINDING COMMITMENT LETTER, LENDERS WOULD PROVIDE AKUMIN CORP. WITH CREDIT FACILITIES TOTALING US$380 MILLION

* AKUMIN - TERM LOAN PROCEEDS TO BE USED TO REFINANCE ABOUT $112 MILLION OF EXISTING DEBT, TO FINANCE $189 MILLION OF PURCHASE PRICE PAYABLE IN RESPECT OF DEAL

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