Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Locally based SunLink Health Systems Inc. has signed a merger agreement with Nashville, TN-based HealthMont Inc. to buy two HealthMont facilities in the Southeast for an estimated $15.3 million.

The acquisitions are Memorial Hospital of Adel (GA), a 60-bed, acute-care facility and a 95-bed nursing home; and Callaway Community Hospital, a 49-bed, acute-care hospital in Fulton, MO. A third HealthMont facility in Texas will be sold prior to the merger.

Under the terms of the merger, HealthMont shareholders are expected to receive one share of common stock in SunLink for each 5.4 HealthMont share.

SunLink will assume up to $9.8 million in HealthMont senior debt and capital lease obligations. The obligations consist of $8.9 million and about $900,000 in capital leases, primarily for equipment.

SunLink has arranged a $3-million, three-year, secured term loan at 15% interest per year with Atlanta-based Chatham Investment Fund LLC, which, according to a printed statement, will be used primarily for working capital.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.