Heart Care provides life support for Asian leveraged loan market
I-Med Network, the Australian radiology company owned by CVC Capital Partners, is selling its 75% stake in Heart Care Group and has hired four banks to provide a A$160m stapled financing, EuroWeek can reveal. ANZ, Bank of Scotland, National Australia Bank and Westpac are providing the financing, which can be used by any bidder to finance the acquisition of Heart Care, a cardiovascular specialist. I-Med, Australia’s largest radiology and diagnostic imaging company, was set to send out an information memorandum to interested buyers before the end of the week.
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