The transaction, which is subject to regulatory review and approval, is expected to close by the end of 2015.
“We are excited to partner with Apollo,” said RegionalCare Chairman and CEO Marty Rash. “This significant investment will allow us to continue to expand the high quality healthcare services we provide in seven states across the country and also provide us with the financial resources required to serve new communities and regional markets.”
Wilkie Farr & Gallagher LLP and Waller Lansden Dortch & Davis LLP served as legal advisors for RegionalCare in the transaction. Akin Gump Strauss Hauer & Feld LLP along with Paul, Weiss, Rifkind, Wharton & Garrison LLP served as Apollo’s legal advisors.
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10 of the most interesting healthcare transactions of 2015
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Exit activity in private equity healthcare drives busy deal flow: 5 things to know
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