DANBURY, Conn. & ROCHESTER, N.Y.--(BUSINESS WIRE)--March 8, 2005--GE Commercial Finance Healthcare Financial Services signed a vendor financing agreement with Getinge USA, Inc., a subsidiary of Sweden-based Getinge AB - the world's leading manufacturer of sterilization/disinfection equipment and surgical products. Under the five-year agreement, GE Commercial Finance will offer its full range of equipment financing options to Getinge customers, which include operating and capital leases, loans and customized financing programs.
"The combination of GE's extensive healthcare solutions, technology, financial strength, and marketplace knowledge reaffirmed that the company was the right partner to take Getinge to new levels of performance and success," said Charles Carrier, president of Getinge USA. "Together, we will offer competitive and flexible financing solutions that help us to deliver the financing requirements of our customers."
"We are committed to providing financing programs that support the business objectives of our vendor partners and their customers," said Catherine Estrampes, general manager of Global Vendor Finance for GE Commercial Finance Healthcare Financial Services. "We're proud to be working with a leading global manufacturer like Getinge. Jointly, we have very high expectations for the performance of this sales financing program."
About GE Commercial Finance Healthcare Financial Services
GE Commercial Finance Healthcare Financial Services is the premier provider of capital, financial solutions and related services for the global healthcare market. With $13 billion in assets, GE Commercial Finance Healthcare Financial Services offers a full range of financing capabilities from equipment leasing and real estate financing to working capital lending, vendor programs and acquisition financing. With a dedicated focus and a deep knowledge of the healthcare industry, GE Commercial Finance Healthcare Financial Services collaborates with customers to create tailored financial solutions that help them improve their productivity and profitability. For more information, visit www.gehealthcarefinance.com.
GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over US$230 billion and is headquartered in Stamford, Conn., USA. General Electric (NYSE:GE) is a diversified technology, media and financial services company dedicated to creating products that make life better.
About Getinge USA, Inc.
Getinge is a leading manufacturer and distributor of advanced infection control, surgical and patient care equipment for OR, ED, ICU, sterile processing, pharmaceutical processing and life science applications. Getinge USA, Inc. is located in Rochester, NY. The company maintains an additional distribution facility in Charleston, SC. For more information, visit http://www.getingeusa.com/
Contacts
General Electric
Deia Campanelli, 312-441-6169
[email protected]
or
Getinge USA, Inc.
Julie Shanahan, 585-475-1400
[email protected]
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340