Joseph F. Furlong, President and Chief Executive Officer of the Company, stated: "We are very pleased to complete this process and be aligned with an organization such as Highland. The stability provided as a result of the restructuring of our senior debt, coupled with Highland's commitment to our long term success, will be of great benefit to all of our stakeholders, including customers, employees and vendors."
"Patients will continue to receive a high standard of care, physicians and Managed Care Organizations will continue to do business with a reliable partner and employees can look forward to expanded career opportunities."
Patrick Daugherty, Head of Private Equity Investments at Highland, stated: "We are looking forward to working with the management team at American HomePatient to take advantage of compelling opportunities in the evolving business of providing home durable medical equipment. We believe that American HomePatient is well-positioned to benefit from the market changes caused by the government's Competitive Bidding Program. The combination of the American HomePatient organization, products and services with our resources will enhance the Company's long term value and success."
ABOUT HIGHLAND CAPITAL MANAGEMENT, L.P.
Highland Capital Management, L.P. is a SEC-registered investment adviser with approximately $22 billion of assets under management. It is one of the largest global alternative fixed income managers, specializing in bank loans, high yield credit, distressed debt, structured products, real assets, and long-short equities, with a global geographic reach.
Highland's diversified client base includes public pension plans, foundations and endowments, corporations, financial institutions, fund of funds, governments, high net worth individuals, an
|SOURCE Highland Capital Management, L.P.|
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