BETHESDA, Md.--Tuesday, June 08, 2010-- GE Capital, Healthcare Financial Services provided, as administrative agent, $120 million in senior secured credit facilities to Schumacher Group, the third largest company serving the outsourcing emergency services management industry. The credit facilities will be used to provide the company with additional growth capital and to refinance existing indebtedness. GE Capital Markets served as lead arranger.
Based in Lafayette, LA, Schumacher Group is a leading provider of outsourced physician and administrative services to hospital emergency departments.
"GE Capital, Healthcare Financial Services has been a supportive and loyal finance resource through our company's growth," said Dr. William C. "Kip" Schumacher, Schumacher Group's chief executive officer and chairman. "Expertise, professionalism and trustworthiness are among the reasons we continue to work with GE."
"We are pleased to continue to support Schumacher Group with multiple financial products as they work to grow their business," said Robert McCarrick, senior managing director for GE Capital, Healthcare Financial Services' corporate finance group. "Our products, healthcare industry expertise and financing experience uniquely enable us to help customers meet their overall business objectives."
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 senior housing, 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 gecapital.com/healthcare.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world's toughest challenges. Visit ge.com.
Ned Reynolds
GE Capital
[email protected]
+1 203 2295717
+1 203 8370699