Hanger paid approximately $155 million in cash and the proceeds from the concurrent refinancing of its credit facilities. The new facilities include $200 million of 7.125 percent senior notes due 2018, a $300 million Term B loan due 2016 and a $100 million revolving credit facility maturing in 2015.
Read the Hanger Orthopedic Group release on the acquisition.
Read other coverage on recent acquisitions:
– Synthes Acquires U.S. Surgical Tools Manufacturer
– Stryker Acquires Boston Scientific Corp.’s Neurovascular Business for $1.5B
– 10 Recent Orthopedic and Spine Device Company Partnerships and Acquisitions
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.