When Chase Manhattan Corp. stepped up last week with $1.3 billion in funding for Magellan Health Corp.'s purchase of Merit Behavioral Care Corp., it was just the latest sign of the robust state of health-care financing.

First Union Corp. and Credit Lyonnais are also acting as agents on $900 million in loans for Magellan, including a $400 million bridge loan that is to be refinanced with a high-yield bond next year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.