Community Health Systems entered into a new asset-based loan credit agreement with JPMorgan Chase as administrative agent.
Community Health Systems extended its existing revolving credit agreement termination date to January 27, 2021 and reduced its aggregate commitments to $739 million. Credit Suisse AG served as administrative agent.
Almost Family signed a definitive agreement to acquire a controlling interest in the entity holding the home health and hospice assets of Community Health Systems. JPMorgan has committed to provide financing to complete the purchase.
Community Health Systems said it will acquire Health Management Associates for $7.6 billion. CHS has received financing commitments from BofA Merrill Lynch, Credit Suisse and certain of their affiliates.