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IntegraMed plans new debt financing for buyout by Sagard Capital
By Sara Rosenberg
New York, June 11 - IntegraMed America Inc. has received a debt commitment from GCI Capital Markets LLC and Sagard Capital Partners LP to help fund its acquisition by Sagard Capital Partners, according to an 8-K filed with the Securities and Exchange Commission on Monday.
Other funds for the $169.5 million buyout will come from equity.
Under the agreement, IntegraMed is being bought for $14.05 per share in cash.
Closing is expected no later than mid-November, subject to shareholder approval and other regulatory and customary conditions. The transaction is not subject to financing.
IntegraMed is a Purchase, N.Y.-based developer, marketer and manager of specialty healthcare facilities in the fertility and vein care markets.
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