PALM BEACH GARDENS, FL -Aurora Diagnostics, an anatomic pathology and diagnostics lab that has registered for $150 million IPO, has secured a $335 million credit facility from Barclays Bank. The loan is partially designed to retire other debt, and includes a $225 million senior secured term loan facility and a $110 million senior secured revolving credit facility.

Founded in 2006, the company reported $171 million in revenue in 2009, compared with $159 million in 2008. It had a net income of $9 million in 2009.

We’ve noticed that diagnostics companies and labs are riding high in the face of the aging U.S. population increasing the need for diagnostic services and advances in biotechnology creating new tests on a regular basis.

Previously on TechJournal South:

Aurora Diagnostics files for IPO

Join hundreds of Marketing Professionals and Internet Execs at Atlanta’s premier Digital event – Digital Summit 2012
www.digitalsummit.com

Related Stories:

• Virginia’s Managed Objects secures $7.5M credit facility
• Buyers secure $290 million credit facility to acquire Raleigh’s INC Research
• Charlotte’s SPX extends credit facilities to $2.3B
• Aurora Diagnostics seeks $150M IPO
• Alimera Sciences lands $32.5M credit facility for eye disease drug

© 2010, TechJournal. All rights reserved.

Tags: Aurora Diagnostics, diagnostic testing, financing, Florida, IPOs