BRIEF-Medical Facilities Corp signs to buy Indiana physician-owned hospital

Fri Jul 15, 2016 8:22am EDT
 
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July 15 (Reuters) - Medical Facilities Corp

* Medical Facilities Corporation signs letter of intent to acquire physician-owned hospital in indiana and acquires underlying real estate

* Medical Facilities Corp says deal valued at $26.63 million

* Also announced that it has purchased an 84 percent indirect interest in unity's real estate for US$27 million

* Acquisition is expected funded by available cash and a draw on company's credit facility.

* Medical Facilities Corp says deal would be funded by available cash and a draw on company's credit facility

* Remaining ownership will be held by practicing physicians at unity

* Unity's real estate acquisition was funded from available cash and a $20 million draw on company's credit facility. Source text for Eikon: Further company coverage: