RegionalCare sets Monday lender meeting for acquisition financing loan

By Paul A. Harris

Portland, Ore., Oct. 13 - RegionalCare Hospital Partners will host a lender meeting on Monday for a senior secured financing, according to an informed source.

The size and structure of the deal have not been announced, the source added.

Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. are the leads.

Proceeds will be used to help finance the purchase of Essent Healthcare from Vestar Capital Partners and Cressey & Co., according to market sources.

RegionalCare is a Brentwood, Tenn.-based owner and operator of four non-urban hospitals. Essent is a Nashville-based owner and operator of three non-urban acute care hospitals.

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