Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance

LabOne Plans On Acquisitions

Your article was successfully shared with the contacts you provided.

NU Online News Service, June 14, 12:47 p.m. – LabOne Inc., Lenexa, Kan., reported today that it is interested in making acquisitions.

The lab services company, which provides testing services and related services for life insurance underwriters as well as health care providers, says it has arranged an agreement that could provide up to $100 million in revolving credit.

LabOne says it will use some of the credit to refinance existing loans and some for general corporate purposes.

But the company also says it “intends to use the leverage capacity made available with the new credit facility to fund future acquisitions.”

J.P. Morgan Securities Inc., a unit of J.P. Morgan Chase & Company, New York, and Wachovia Securities Inc., a unit of Wachovia Corp., Charlotte, N.C., led the effort to set up LabOne’s new revolving credit facility, which resembles a corporate version of a consumer credit card account.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.