Published in Drug Week, September 2nd, 2005
The purchase price was funded from a combination of $27.5 million in cash on hand and credit facilities, plus $9 million in subordinated notes. The company has concurrently entered into leases with respect to the four MeadowBrook facilities with SunTrust Equity Funding (STEF), a wholly owned subsidiary of SunTrust Bank. STEF acquired the real estate from MeadowBrook and affiliates in a separate transaction that closed concurrently with the company's asset purchase.
Based in Birmingham,...
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