Matria gets financing commitment for CorSolutions buy

By Sara Rosenberg

New York, Dec. 15 - Matria Healthcare Inc. has received a fully underwritten financing commitment from Bank of America to fund the $445 million all-cash purchase price for CorSolutions Medical Inc., according to a company news release.

The transaction is expected to be completed by year-end or shortly thereafter, subject to customary conditions, including federal antitrust review.

Matria is a Marietta, Ga., provider of comprehensive health enhancement programs to health plans and employers. CorSolutions is a Rosemont, Ill., provider of disease management and related services to employers, health plans and government-sponsored health care programs.

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