Greystone Finances Gold Standard’s Florida Acquisition

Coffee Medical Group has nabbed a $21.25 million refi.nance for a health care facility in Manchester, TN, that serves as the sole hospital for the rural area.

Participating lenders were able to provide their pro rata share of the $300 million new money "first out" tranche under the facility, convert certain of their term loans into the "second out" tranche at 17% discount to par, and convert the remainder of their term loans into the "third out" tranche at par.

The new partners include South Jersey Radiology Associates (SJRA), in Voorhees, and Hainesport, New Jersey-based Larchmont Imaging Associates, altogether comprising 65 physicians and 17 centers.