Vandalia Health takes out $80M loan for acquisitions

Charleston, W.Va.-based Vandalia Health has been busy with a series of acquisitions.

Now, the nine-hospital system has taken out $80 million in credit to partially fund the purchases, according to a June 23 filing.

The money will fund ambulatory healthcare facilities, the acquisition of the Carl Larson Cancer Center and a 70 percent stake in Charleston Surgical Hospital, among other acquisitions.

Vandalia Health is the product of a merger between Morgantown, W.Va.-based Mon Health System and the Charleston Area Medical Center.

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