Vanguard Issues PPMvia Private Placement
Vanguard Issues PPMFor Detroit Hospital Buy
Vanguard Health Systems Inc., the parent company of Saint Vincent Hospital in Worcester and MetroWest Medical Center in Framingham and Natick, is raising funds via private placement to finance its purchase of the Detroit Medical Center in Michigan.
Two holding companies that are wholly-owned subsidiaries of the hospital system plan to issue an aggregate principal amount of up to $225 million of 8 percent senior notes due 2018 in a private placement. Vanguard said it will use the proceeds of the new notes along with cash on hand to finance the acquisition of “substantially all” the assets of the medical center.
Vanguard is based in Tennessee and owns hospitals in Arizona, Illinois and Texas, as well as Massachusetts. The Detroit Medical Center consists of eight acute care and specialty hospitals in the Detroit metro area. http://www.wbjournal.com/news46747.html
Since 1999, the founders of PPM have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.
PPM’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, PPM can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.
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