MIAMI–Pacer Health Corporation (OTCBB:PHLH), a Miami-based owner-operator of acute care hospitals, medical treatment centers and psychiatric care facilities, announced that it has closed on a new $5.5 million five-year secured credit facility with Cornell Capital Partners, LP.

The new facility replaces a $1 million, three-year credit facility that was set to expire on April 1, 2009 and a $1 million, three-year credit facility that was set to expire on May 5, 2009, which were both issued by Cornell Capital. The new credit facility will be used for general corporate purposes and future acquisitions.

Pacer Health Corporation is an owner-operator of acute care hospitals, medical treatment centers and psychiatric care facilities serving non-urban areas throughout the Southeast.

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