Finance

Hospice care provider expands credit facility to $50 million

Published in Biotech Business Week, January 24th, 2005

VistaCare, Inc. (VSTA), a provider of hospice services in the United States, has expanded its credit facility with Healthcare Business Credit Corporation.

The new credit facility replaces the previous $30,000,000 revolving line of credit agreement with HBCC, which expires in April 2005.

The new facility consists of a $30,000,000 revolving line of credit and a new term loan facility in the amount of $20,000,000. The latter facility may be used to finance certain acquisitions as permitted under the loan agreement between HBCC and VistaCare. Both agreements will expire on December 23, 2009.

VistaCare provides care hrough...

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Source: Biotech Business Week (2005-01-24)

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