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Article: At Deadline.(MedServe Inc. securing investment from Avista Capital Partners)(Indianapolis to pay Clean Water Act settlement )
- Article from:
- Waste News
- Article date:
- October 9, 2006
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Investors pump $70M into MedServe
MedServe Inc., of Houston, has obtained an additional $70 million in investment commitments, which company officials said would help finance their efforts to develop the second-largest company in the medical waste sector.
Avista Capital Partners, a private equity firm investing in the health care, energy and media sectors, has committed to investing $50 million in MedServe. The other $20 million will come from existing shareholder commitments and debt conversion, according to company officials.
In a statement, MedServe management said they think they now have sufficient equity funding to achieve their goal of ...