Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 10-08-2015 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Financing for TeamHealth Proposed Acquisition of IPC Healthcare | Industry: | Healthcare Equipment & Services |
| Description: |
On August 4, 2015, Team Health Holdings, Inc., a leading provider of outsourced physician staffing solutions for hospitals in the United States, announced a definitive agreement to acquire IPC Healthcare Inc., a leading national acute hospitalist and post‑acute provider organization, in an all-cash transaction with an enterprise value of approximately USD1.6 billion or USD80.25 per share. Cravath represented Citi, as arranger, in connection with the financing for TeamHealth's proposed acquisition of IPC Healthcare, which consists of a new USD965 million Tranche B term loan facility and a USD545 million bridge loan facility, as well as the backstopping of TeamHealth's existing credit facility.
|
||
| Financial Center: | New York | Value: | 1000.01-5000.00 |
| Advised Party: | Borrower | Law Firm | Cravath |
| Borrower Jurisdiction: | United States | Lender Jurisdiction: | United States |
| Classification: |
Acquisition Finance Public Company Acquisition |
Lawyer | Stephen L Burns |
