OTHER NEWS - April 20, 1994
- Share via
NME to Sell Dialysis Services Unit: Santa Monica-based National Medical Enterprises Inc. reached an agreement in principle to sell a controlling interest in its Medical Ambulatory Care Inc. to DLJ Merchant Banking Partners and affiliated investment partnerships. Under terms of the agreement, NME will receive a $75.5-million cash distribution from MAC and will retain a 30% minority interest. Separately, NME’s rating on about $390 million of senior debt was raised to BB+ from BB- by Standard & Poor’s, which removed the rating from its CreditWatch.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.