Ernest Raises $204M of Debt Financing
June 6, 2011- Share:
Ferrer Freeman & Company-backed Ernest Health has secured $204 million of debt financing. CIT Group arranged and syndicated the senior credit facility, which includes $150 million of first lien debt and $54 million of second lien debt. Ernest owns and operates inpatient rehabilitation facilities and long-term acute care hospitals. The company was founded in 2004 with funding from FFC.
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