GE BETHESDA, Md.--03 April 2009-- GE Capital's Healthcare Financial Services business today announced it has provided a $25 million senior secured credit facility to Regency Healthcare Group based in Brentwood, TN. The company will use the loan to refinance existing debt and for growth capital. Regency is a portfolio company of EDG Partners, LLC. GE Capital Markets, Inc. arranged the transaction.
Regency provides hospice care to terminally ill patients with the goal of improving quality of life for patients and their families. Hospice care includes medical care designed to address the physical, emotional and spiritual needs of terminally ill patients.
"GE Capital has the industry expertise and financial resources we're looking for in a lender," said John Morris, CEO, Regency Healthcare Group. "We appreciate the support we have received from them, especially given the current economic and credit market environment."
"We remain committed to the healthcare industry in this very challenging cycle," said Bob McCarrick, senior managing director, GE Healthcare Financial Services. "By working closely with our customers, we can provide tailored financing solutions to meet their business objectives."
About GE Healthcare Financial Services
GE Healthcare Financial Services, 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.
About EDG Partners, LLC
EDG Partners, LLC, through offices in Atlanta, Georgia and Alexandria, Virginia, is a private equity firm focused on the healthcare industry. The firm's investment strategy involves partnering with proven management teams to deliver growth through quality-enhanced products and services. For more information, please visit the company's website at www.edgpartners.com.
Ned Reynolds
GE Capital
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