BETHESDA, MD, FEB. 17, 2015 - GE Capital’s Healthcare Financial Services (HFS) business announced today that it has acted as administrative agent in a transaction that provided a $550 million revolving line of credit to Genesis Healthcare, Inc. GE Capital Markets served as sole bookrunner and lead arranger. Based in Kennett Square, PA, Genesis is one of the largest post-acute care providers in the country.
BETHESDA, MD, FEB. 10, 2015 - GE Capital’s Healthcare Financial Services (HFS) business announced today that it is serving as administrative agent and collateral agent on a $250 million term loan financing for Amneal Pharmaceuticals LLC. This term loan will be pari passu with a previously closed $491 million term loan on which GE Capital is also the administrative agent. GE Capital Markets served as joint bookrunner on both financings.
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BETHESDA, MD, JAN. 13, 2015 - GE Capital’s Healthcare Financial Services business has served as administrative agent on a senior secured credit facility of up to $40 million for GenMark Diagnostics, Inc. (NASDAQ: GNMK), comprised of a multi-tranched $35 million venture loan facility and a $5 million asset-based revolving credit facility. GE Capital Markets served as sole lead arranger and bookrunner.
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BETHESDA, MD, JAN. 12, 2015 - GE Capital’s Healthcare Financial Services (HFS) business provided more than $10.5 billion in financing to customers across more than 240 transactions in 2014, an increase of 20% percent from the prior year. For the third consecutive year, GE Capital was the No. 1 lead arranger for healthcare financings up to $1 billion in size, according to Thompson Reuters.
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Bethesda, MD, DEC. 22, 2014 - GE Capital Healthcare Financial Services (HFS) business announced today that it has agented a $500 million credit facility for Brookdale Senior Living Inc. HFS is administrative agent and GE Capital Markets is sole lead arranger on the transaction. The funds may be used to finance acquisitions, to fund working capital and capital expenditures, and for other general corporate purposes.
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BETHESDA, MD, dec. 15, 2014 - GE Capital’s Healthcare Financial Services business announced today that it has agented a senior secured credit facility of up to $19 million for Rapid Micro Biosystems, Inc. The company provides innovative products for faster detection of microbial contamination in the manufacture of pharmaceutical, biotechnology, and personal care products. The financing, comprised of a revolving credit facility and two term loan facilities, will provide working capital as the company ramps up the commercialization of its products.
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London 23 October, 2014: Hospitals across the globe are becoming increasingly confident about their growth prospects for the year ahead despite rising costs and ongoing economic uncertainty, according to GE Capital’s inaugural Hospital Sentiment Research - a report based on interviews with more than 380 senior hospital executives with responsibility for budget decisions over eight international markets[1].
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London 23 October, 2014: Hospitals across the globe are becoming increasingly confident about their growth prospects for the year ahead despite rising costs and ongoing economic uncertainty, according to GE Capital’s inaugural Hospital Sentiment Research - a report based on interviews with more than 380 senior hospital executives with responsibility for budget decisions over eight international markets[1].
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BETHESDA, MD, OCT. 20, 2014 - GE Capital’s Healthcare Financial Services (HFS) business announced today that it is serving as the administrative agent on a $120 million senior credit facility for Schumacher Group, one of the largest emergency medicine, hospital medicine, care management and medical billing companies in the U.S.
The new facility consists of a $40 million revolver and an $80 million term loan, which will be used to refinance existing debt and to fund corporate growth. GE Capital Markets served as joint lead arranger and joint book runner on the facility.