Akumin Inc. (NASDAQ: AKU) announced its plan to conduct a private offering of senior secured notes, subject to market conditions. The net proceeds will be utilized to fully repay outstanding borrowings and terminate commitments under its revolving credit facility and term loans. These notes will be guaranteed by the company's wholly owned subsidiaries, and will be sold only to qualified institutional buyers. The offering is exempt from the registration requirements of the Securities Act, and this press release contains forward-looking statements regarding expectations and future events.
Akumin Inc. (NASDAQ: AKU) has released a business update revealing an estimated 1.485 million Relative Value Units (RVUs) for Q3 2020, rising from 1.094 million RVUs in Q2 2020. This growth suggests recovery in service fee revenues post-COVID-19 disruptions. Adjusted EBITDA is projected at approximately $74 million, including a $7 million COVID-19 adjustment. The company emphasizes that these projections are preliminary and subject to change. Akumin's financial performance uses non-IFRS measures to provide a clearer view of its operations amidst ongoing market uncertainties.