Vandalia Health Takes $80M Loan to Fund Acquisitions

Charleston, W.Va.-based Vandalia Health has been busy with a series of acquisitions.

Now, the nine-hospital system has taken out $80 million in credit to partially fund the purchases, per Becker’s.

The money will fund ambulatory healthcare facilities, the acquisition of the Carl Larson Cancer Center and a 70 percent stake in Charleston Surgical Hospital, among other acquisitions.

Vandalia Health is the product of a merger between Morgantown, W.Va.-based Mon Health System and the Charleston Area Medical Center.

Total
0
Shares
Related Posts
Read More

$56.8M Bond Deal For Ziegler: Report

Chicago-based specialty investment bank Ziegler announced in July it closed on $56,850,000 Series 2021 Bonds for a continuing care retirement community for not-for-profit corporation, Westminster.