Iasis draws on revolver for purchase of Glenwood Regional Medical Center

By Sara Rosenberg

New York, Feb. 13 - Iasis Healthcare LLC drew down $40 million under its revolving credit facility on Jan. 31 to help fund the acquisition of Glenwood Regional Medical Center located in West Monroe, La., according to a 10-Q filed with the Securities and Exchange Commission Tuesday.

In addition, the company plans to use its revolver to help finance various proposed capital expenditures.

Other capital expenditure financing will come from cash generated from operations, cash on hand and other capital sources that may become available.

Iasis is a Franklin, Tenn.-based owner and operator of hospitals and ambulatory surgery centers.

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