SCOTTSDALE, Ariz., Dec. 29 /PRNewswire-FirstCall/ -- VistaCare, Inc. , a leading provider of hospice services in the United States, today announced that it has expanded its credit facility with Healthcare Business Credit Corporation ("HBCC").
The new credit facility replaces the previous $30,000,000 revolving line of credit agreement with HBCC, which expires in April 2005. The new facility consists of a $30,000,000 revolving line of credit and a new term loan facility in the amount of $20,000,000. The latter facility may be used to finance certain acquisitions as permitted under the loan agreement between HBCC and VistaCare. Both agreements will expire on December 23, 2009.
More details regarding the terms of these agreements are contained within the Form 8-K filed with the SEC by VistaCare on December 29, 2004.
About VistaCare
VistaCare is a leading provider of hospice services in the United States. Through interdisciplinary teams of physicians, nurses, home healthcare aides, social workers, spiritual and other counselors and volunteers, VistaCare provides care primarily designed to reduce pain and enhance the quality of life of terminally ill patients, most commonly in the patient's home or other residence of choice.
Company Contact: Investor Contacts: Media Contacts: Mark Liebner Doug Sherk/ Chris Toth Jennifer Beugelmans Chief Financial Officer EVC Group EVC Group 480-648-8778 415-896-6820 415-896-2005 ir@vistacare.comdsherk@evcgroup.comctoth@evcgroup.com
VistaCare, Inc.CONTACT: Mark Liebner, Chief Financial Officer of VistaCare, Inc.,+1-480-648-8778, or ir@vistacare.com; or investors, Doug Sherk/JenniferBeugelmans, +1-415-896-6820, or dsherk@evcgroup.com, or media, Chris Toth,+1-415-896-2005, or ctoth@evcgroup.com, all of EVC Group, for VistaCare, Inc.
Web site: http://www.vistacare.com/
