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Press Release

GE Healthcare Financial Services and Sechrist Sign Vendor Financing Agreement

November 14, 2007

CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services signed a five-year vendor financing agreement with Sechrist Industries, a leading manufacturer of hyperbaric oxygen chambers and respiratory equipment. Under the agreement, Sechrist customers will have access to a full range of equipment financing options including capital and operating leases, loans and customized programs.

"This financing agreement will provide our growing number of hospital and healthcare clinic customers with a means to afford critical medical equipment," said Jack Rollins, CEO of Sechrist Industries. "GE Healthcare Financial Services' history in healthcare financing and its financial strength make it a solid partner in helping us impact more patient lives with our products."

"We're pleased to provide this creative financing solution to help Sechrist meet its business objectives," said Mark Hoffman, Senior Vice President of New Relationship Development for GE Healthcare Financial Services' Vendor and Practice Solutions team. "We want to see companies with such an outstanding reputation like Sechrist grow."

Sechrist has been integral to the research and development of hyperbaric medicine for more than 30 years. In that time, Sechrist chambers have been used to assist physicians in the pursuit of advancing wound care through the use of hyperbarics. Headquartered in Anaheim, Calif., Sechrist products have been an integral part of hospitals in treating problem wounds, as well as emergency, traumatic and non-traumatic conditions for over three decades.

About GE Healthcare Financial Services

GE Healthcare Financial Services is the premier provider of capital, financial solutions, and related services for the global healthcare market. With over $17 billion in assets, GE 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 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.


Contacts

GE Healthcare Financial Services
Deia Campanelli
312-441-6169
[email protected]

Britta Kons
GE Healthcare Global Services
[email protected]
1-203-400-1892


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