According to information provided to NPC, 30 of the units acquired generated $27.8m in net product sales during the 53 weeks ended December 2011.
The remaining six units acquired are not included in these results because none of these units were open and/or under PHI management for a full year.
The transaction was funded by approximately $15m of available cash reserves and borrowings on the company’s $100m revolving credit facility.
Source: NPC International
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