GE's Business and Financial Resources Position Customer for Short- and Long-Term Growth
CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services has provided a $34.9 million seven-year, first mortgage to Juniper Communities, a New Jersey-based investment company that owns and operates 16 senior housing facilities throughout Florida, Colorado, Pennsylvania and New Jersey. The company will use the mortgage to capture equity from existing properties and grow its businesses.
"This financing came at an opportune time for Juniper Communities," said Lynne Katzman, president of Juniper Communities. "It provides us the flexibility to execute our growth plans and meet our general corporate needs."
As part of its relationship with GE Healthcare Financial Services, Juniper Communities also tapped into the lender's At the Customer For the Customer program, which assists customers in tackling business challenges by applying best practices used to run GE's family of businesses. In this situation, GE combined its financial expertise in the healthcare industry with its best practices, and worked with Juniper Communities to evaluate and improve employee incentive programs and retention as well as payables management.
"This partnership is a great example of how we work best with our customers," said Kristen Ahrens, vice president of real estate for GE Healthcare Financial Services. "Not only were we able to provide a tailored financing solution for Juniper Communities, but we also had the opportunity to really make an impact on the company's day-to-day activities through our At the Customer, For the Customer program."
About GE Healthcare Financial Services
GE Healthcare Financial Services is a provider of capital, financial solutions, and related services for the global healthcare market. With over $16 billion of capital committed to the healthcare industry, GE Healthcare Financial Services offers a full range of capabilities from equipment financing and real estate financing to working capital lending, vendor programs, and practice acquisition financing. With its knowledge of all aspects of healthcare from hospitals and long-term care facilities to physicians' practices and life sciences, GE Healthcare Financial Services works with customers to create tailored financial solutions that help them improve their productivity and profitability. For more information, visit www.gehealthcarefinance.com.
About Juniper Communities
Juniper Communities, founded in 1988, owns and operates 16 long-term care communities in Florida, Pennsylvania, Colorado and New Jersey. Our mission is to serve stakeholders -- residents, families, employee associates, and investors -- with excellence and a strong dedication to the company's hallmarks of quality, value and innovation. Juniper management is committed to a double bottom line -- one of strong financial performance coupled with a superior quality of life in our residences. Juniper is dedicated to Nurturing the Spirit of Life in each individual served; and believes the keys to healthy aging are an active body, an engaged mind, and a fulfilled spirit. For more information on Juniper Communities call (973) 661-8300 or visit www.junipercommunities.com.