(CNH) to provide debtor in possession financing of up to $13.6 million. To support Provant Health in meeting its working capital requirements during the sale process, the Company has signed definitive agreements with its two primary lenders, SWK Funding LLC (SWK) and CNH Finance Fund I, L.P. Quest’s reach in its space is unrivaled, and its knowledge, resources, and capabilities will only enhance the experiences of those we serve.”
Quest recognized that Provant Health’s comprehensive services add valuable programs, people and technology to its offerings. Mark Clermont, president of Provant Health, commented, “We believe that the purchase of Provant Health by Quest will extend greater value to our customers and partners than ever before. Upon completion of the transaction, Quest will lend its history, expertise, and resources in the health care space to enhance the experiences of Provant Health’s customers and partners. Throughout the transaction process, Provant Health will continue to serve its customers, remaining focused on meeting customer and partner obligations in the busy fourth quarter season. Under the asset purchase agreement, Quest expects to acquire substantially all of Provant Health’s assets and to continue the Company’s service offerings.
d/b/a Provant Health announced that it has entered into an asset purchase agreement with Summit Health, Inc., a subsidiary of Quest Diagnostics, a provider of diagnostic information services.
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