GE Capital’s Healthcare Financial Services business ended the first six months of 2009 as one of the most active capital providers in the U.S. healthcare market, deploying approximately $1 billion for more than 45 transactions. Loans were used to refinance existing debt, support working capital needs and fund growth initiatives.
"Our primary focus this year has been to provide customers with tailored financing solutions to help them navigate the current economic cycle and meet business objectives,” said Darren Alcus, president of GE Capital, Healthcare Financial Services. “It’s an encouraging sign for the industry that demand for financing to support acquisitions, capital improvement projects and other growth initiatives has continued.”
In the first half of the year, GE Capital, Healthcare Financial Services utilized the expertise of its dedicated industry teams to meet the needs of customers across its three primary segments:
“Our longstanding commitment to the healthcare industry in combination with our in-depth healthcare finance expertise demonstrates our confidence in providing customers with optimal levels of liquidity and flexibility,” said Bob McCarrick, senior managing director for GE Capital, Healthcare Financial Services’ corporate finance team.
Healthcare Real Estate:
“There is no doubt the economic downturn has presented challenges and opportunities in the healthcare real estate market,” said Brian Beckwith, senior managing director for GE Capital, Healthcare Financial Services’ healthcare real estate team. “We have focused on providing dependable capital to our existing customers during this market cycle and are now seeing opportunities to develop new customer relationships.”
“Our team is dedicated to assisting life science companies and supporting healthcare innovation,” said Anthony Storino, senior managing director for GE Capital, Healthcare Financial Services’ life science finance team. “Innovation is at the core of life sciences companies, so we work closely with customers to help support their need to invest, grow and remain competitive.”
About GE Capital, Healthcare Financial Services
With over $17 billion invested, GE Capital, Healthcare Financial Services is a premier provider of capital and services to the healthcare industry, with investments in more than 30 sub-sectors including long-term care, hospitals, pharmaceuticals, and medical devices. Our team of professionals provides deep industry expertise to create business and financial solutions tailored to meet the individual needs of our customers. For more information, visit www.gehealthcarefinance.com.
GE Capital offers consumers and businesses around the globe an array of financial products and services. GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. For more information, visit the company's Web site at www.ge.com.