NORWALK, CT-- March 25, 2009 --- GE Capital's Healthcare Financial Services business today announced it agented an amendment to the $124 million senior secured credit facility of Medical Staffing Network Holdings, Inc., a healthcare staffing company. GE Capital Markets arranged the amended credit facility.
Based in Boca Raton, FL, Medical Staffing provides supplemental healthcare personnel, nurses, paraprofessionals and allied support services to healthcare facilities nationwide.
"We are very appreciative of the continued support we have received from GE Capital," said Kevin S. Little, president and CFO of Medical Staffing. "They understood our needs and structured an amended credit facility providing us with more flexible financial covenants."
"We are committed to working closely with customers to help them meet their business objectives," said Bob McCarrick, a senior managing director for GE Healthcare Financial Services. "When it's prudent to do so, providing flexibility within our credit agreements will allow our customers to focus on managing their businesses through the challenges of the current market environment."
About GE Healthcare Financial Services
GE Healthcare Financial Services, which is a part of GE Capital, is a premier provider of capital and services to the healthcare industry. With over $13 billion invested and 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.
Jeanne DeLeonardo