First Advantage going private

Board says cost savings will be 'dramatic'
Apr 22, 2013 2:57 PM

Emdeon set to save $3M a year on LBO loan

Bloomberg has the latest on the financing of Emdeon's pending $3 billion buyout. Private equity titan Blackstone has told investors it has set the interest rate on a $1.2 billion term loan at the low end of its previous range. That move, Bloomberg says, will save the Nashville-based health care transaction intermediary some $3 million in interest per year.

Separately, Emdeon on Friday sold $375 million of debt yielding 11 percent in a private placement.

Oct 17, 2011 7:01 AM

Emdeon buyer wants cov-lite treatment

Bloomberg's Christine Idzelis report that private-equity firm Blackstone is looking for a $1.2 billion loan without any covenants to help it complete its $3 billion buyout of Nashville-based Emdeon. But in contrast to other buyers early this year, when cov-lite lending was at 2007 levels, Blackstone may not get all it wants.

“Anything that comes with a non-standard structure will have a much more difficult time finding a home with investors,” said Russell Morrison, the Charlotte, North Carolina-based head of high-yield investments at Babson Capital Management LLC.

Aug 29, 2011 9:45 AM

NY Post: Blackstone-Emdeon deal coming soon

Shares of Emdeon are up almost 10 percent this afternoon after the New York Post reported that private-equity firm Blackstone will "shortly" announce its acquisition of the company for $3 billion. Emdeon (Ticker: EM) popped last week after The Wall Street Journal first reported on the talks.

Aug 3, 2011 1:15 PM

Earnings wrap: Psych Solutions, CCA, HomePatient

Behavioral health care firm beats by a penny, prison operator hikes guidance and home health firm extends self-tender
Aug 4, 2010 4:23 PM

Lean times for Back Yard Burgers?

Suing over $1.1 million in what it says are unpaid fees, vendor claims fast-food chain is in financial trouble and has misappropriated franchisee funds
Nov 7, 2008 9:22 PM
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Symbion joins the buyout crowd

Surgery center operator agrees to a $488 million buyout from Crestview Partners
Apr 24, 2007 9:08 AM

Morning Links: 9 April 2007

Buyout promises big payday for Dollar General CEO and others, NHI board committee rejects most recent buyout offer from CEO Adams, Pinnacle spreads to Knoxville, magazine calls Nashville drivers 9th worst, and more...
Apr 8, 2007 10:09 PM

Shareholder lawsuit targets Dollar General buyout

UPDATED 5:04 p.m. -- Barrett firm quick on the draw once again in suing over private equity buyout of a local public company
Mar 12, 2007 2:32 PM

Scratch one more public company: KKR buys Dollar General

$7.3 billion deal takes out Goodlettsville-based retailer
Mar 12, 2007 9:19 AM