Attorneys with the Global Banking and Finance Practice Group at the Atlanta office of international law firm Greenberg Traurig represented Gentiva Health Services (NASDAQ: GTIV) in closing on an $925 million credit facility to fund Gentiva’s $408.8 million acquisition of Harden Healthcare Holdings. The transaction enables Gentiva, the nation’s largest provider of home health and hospice care, to expand its diverse national portfolio of healthcare businesses. The closing of the credit facility occurred on October 18, 2013.
The $408.8 million acquisition purchase price was comprised of $355 million in cash and $53.8 million in Gentiva common stock. The cash portion was funded via the $925 million credit facility, which Gentiva also used to refinance existing term loans.
As part of the merger agreement, Gentiva acquired Harden’s home health, hospice and community care businesses. Harden’s current shareholders retained the company’s long-term care business.
Greenberg Traurig shareholder Cindy J.K. Davis served as lead outside finance counsel for longtime client Gentiva and worked with a team that included Associates Jonathan G. Moore, Buddy A. Meyer and Brett E. Moskowitz.
“We are proud of Greenberg Traurig’s ongoing representation of Gentiva over the years and our recent role in this important transaction, which further solidifies Gentiva’s market leadership and expands its platform for carrying out its mission of providing top-quality health care nationwide,” said Davis, who focuses her national law practice on representing corporate borrowers, domestic and international banks, finance companies, hedge funds, and private equity sponsors in complex financing transactions.
Greenberg Traurig’s Banking and Finance Practice is an integrated global team of attorneys representing financial institutions and corporate borrowers on a variety of financing transactions, ranging from billion-dollar-plus widely syndicated credit facilities, to single-lender and “club” middle-market loans for U.S. and multinational companies. The team has financing experience in virtually every major industry sector, including manufacturing, hospitality, healthcare, retail, gaming, agribusiness, telecommunications and energy.
