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Prime issues $700 million in debt as growth continues
Modern Healthcare

Prime Healthcare Services may have walked away from its biggest deal to date, but the rapidly-growing hospital chain is once again shoring up its balance sheet for more takeovers.The Ontario, Calif.-based company plans to issue $700 million in new debt that will fund previously-announced deals. The bond offering Monday received a B3 rating with a stable outlook from Moody’s Investors Service.The high-yield bond was issued this morning and is expected to become available by early next week, according to a spokeswoman for Prime.