The $425 million figure is expected to increase to $450 million “in early September,” the system said in a news release. There is also flexibility to extend any revolving credit up to $175 million.
CFO Steve Aleman told Becker’s earlier this year that new M&A activity was on the horizon as the system attempted to solidify its operational performance.
The 45-hospital system operates more than 300 outpatient locations across 14 states.
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