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BRIEF-Medical Facilities Forms Joint Venture With NueHealth, Buys 7 Ambulatory Surgical Centers

Published 2018-01-12, 05:27 p/m
BRIEF-Medical Facilities Forms Joint Venture With NueHealth, Buys 7 Ambulatory Surgical Centers
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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

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