Almost Family draws $27.5 million under revolver to fund acquisition

By Wendy Van Sickle

Columbus, Ohio, Nov. 5 – Almost Family, Inc. drew $27.5 million under its $175 million revolving credit facility to partially fund its acquisition of the stock of Black Stone Operations, LLC, according to a Wednesday press release.

The total purchase price of $40 million is also being funded by $5 million of notes and the issuance of 188,000 of Almost Family common shares.

JPMorgan Chase Bank, NA is the administrative agent of the facility.

Almost Family is Louisville, Ky.-based a provider of home health nursing services. Black Stone is a provider of in-home personal care and skilled home health services in the western half of Ohio.

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