Nu-Med, an Encino-based hospital chain, has signed a final agreement to acquire a 72-bed general care hospital in Wimbledon, England, for an undisclosed amount of cash.
Parkside Hospital, which was built two years ago, will be Nu-Med's second hospital in Britain. In July, the company purchased Holly House Hospital, a 60-bed general care facility near London.
Nu-Med operates 15 other general care hospitals in the United States with a total of 1,594 beds. The company also owns three psychiatric hospitals, with 281 beds, all of which were purchased this year.
In another announcement last week, the company said it has increased its bank revolving line of credit to $120 million, under more favorable borrowing costs, from the existing line of $50 million. Manufacturers Hanover Trust of New York will continue as lead bank for the company's consortium of lenders.