When is Bostwick deal done?

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-Labcorp's long term debt jumped 87% in 2010 to $1.8 billion.
-Quest Diagnostics carries $2.9 billion in long term debt.

Both have a debt to free cash ratio under 3, which is considered good. It means that they can potentially pay off their debt within 3 years. However, if you were thinking of buying LabCorp stock, it would be a red flag that their debt jumped 87% in one year.

It's pretty common for companies to carry long term debt. The thing that matters to investors is whether they can pay it off within a reasonable time. Since Bostwick is a private company, it's impossible to calculate its debt ratio.
 


















Anonymous said:
HFG Underwrites $43 Million Financing for Bostwick Laboratories

Tuesday, July 19, 2011
Healthcare Finance Group, LLC (HFG) announced that it has underwritten a $43 million senior secured credit facility for Bostwick Laboratories, Inc.

The $43 million senior secured credit facility is comprised of a $20 million revolving line of credit, a $15 million senior secured term loan A and an $8 million senior secured term loan B.

The purpose of the financing was to refinance certain components of Bostwick's existing capital structure, including a revolving line of credit, term loans and an interest rate swap.

Gregory Geisz, Bostwick's VP of Finance, commented, "The continued growth of our company requires a lender that understands our current and future needs for capital, the healthcare regulatory environment and the surrounding issues that accompany the growth we expect. It was great to work with a finance company that truly understands the healthcare industry and looks at our long term overall prospects."

Regarding the transaction, HFG's SVP Steven Goldsmith said, "This is a growth-oriented company that is well-positioned for a much anticipated market consolidation and we are excited about our participation in their expansion. Our senior debt facility will assist with their growth and provide additional resources to support their objectives."
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Is "interest rate swap" a polite way of saying higher interest rates?
 










































Anonymous said:
You keeping mentioning growth, but you have no other option with all of the shrinkage in the past 2 years. Do you plan on sending all of that money to New York and Florida, the same way you sent specimens? I'll believe in growth when I don't see anymore temps and most of the previous employees are brought back full time.
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Who in their right mind who used to work here would WANT to come back???
 






Anonymous said:
Who in their right mind who used to work here would WANT to come back???
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You got that right! I moved away and now work with my fiance and couldn't be happier!! The best move I ever made was leaving BL. Granted, it was a little rough at first but I couldn't be happier now. I now have a life, a meaningfull life.
 


















randox has nothing to do with Bostwick--ding dong--the group that bought a majority stake in Bostwick is a private equity wealth management firm---much like Berkshire Hathaway---this private equity firm is the wealth management group of Morgan Stanley.... I would think this is a very positive thing.
 












Must be close. DGB check out the restroom cleaning schedule. You have been added, you are on for the 13th of every month. Such an unlucky number. When you are an employee you must enter Bostwick contacts, hourly I think. When you take a shit, that does not count as a contact. Will you have to report to your older brother? If so, I am sure he will be kind and not pick on you. You are not allowed overtime, but will be most likely required to work it, but not paid for it. Also, you need to enter your call log as calls are recieved. You might want to get some lotion as your hands will get dried and cracked actually having to work. You can not use gloves from the lab when cleaning toilets. You need to bring your own. Welcome aboard co-worker!
 






By the way your new name tag (which the cost will be payroll deducted) will name you

BEN DOVER. Enjoy yourself my no longer colleague.

Stay out of the executive break room, since you are no longer an executive!
 






Anonymous said:
randox has nothing to do with Bostwick--ding dong--the group that bought a majority stake in Bostwick is a private equity wealth management firm---much like Berkshire Hathaway---this private equity firm is the wealth management group of Morgan Stanley.... I would think this is a very positive thing.
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I think you have this WRONG............The company is LOANING Bostwick money not buying it. This means that they will for all intents and purposes "have DGB by the Balls and squeezing HARD" but DGB is still in charge and calling all of the shots, just like the GREAT work he has done so far.......<JOKE>

Let me know if it something different
 






You are very wrong--there was a financial structuring with one company and another capital equity firm then bought the majority stake in Bostwick---oh they'll have him by the balls alright as he basically relinquished control of his company.
 






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