Strong performance and valuations override concerns about interest rates, regulatory oversight
BETHESDA, MD, OCT. 1, 2014 - Acquisitions are likely to be a key growth strategy for the senior housing and care industry next year, according to a survey of executives in the field released today by GE Capital, Healthcare Financial Services. Overall, they’re expecting stronger business performance in the next 12 months, despite concerns about rising interest rates and regulatory oversight.
BETHESDA, Md.--(BUSINESS WIRE)--GE Capital, Healthcare Financial Services, one of America's leading healthcare financiers, today announced it served as administrative agent on a $97.5 million senior credit facility for Univita Health Inc., a portfolio company of Genstar Capital. The loan will be used to refinance a portion of Univita's existing indebtedness and for general corporate purposes. GE Capital Markets, Inc. arranged the transaction as sole bookrunner and co-lead arranger.
BETHESDA, Md.--(BUSINESS WIRE)--GE Capital, Healthcare Financial Services today announced it has increased Nyack Hospital's credit facility to $30 million to support comprehensive hospital-wide automation. Nyack Hospital is a 375-bed community care medical/surgical hospital located in Nyack, NY, and has been a client of GE Capital since 2006.
NORWALK, CT-- March 25, 2009 --- GE Capital's Healthcare Financial Services business today announced it agented an amendment to the $124 million senior secured credit facility of Medical Staffing Network Holdings, Inc., a healthcare staffing company. GE Capital Markets arranged the amended credit facility.
Based in Boca Raton, FL, Medical Staffing provides supplemental healthcare personnel, nurses, paraprofessionals and allied support services to healthcare facilities nationwide.
BETHESDA, Md.--(BUSINESS WIRE)--GE Healthcare Financial Services served as lead arranger and administrative agent on a $25 million senior secured credit facility to Akorn, Inc., a leading specialty pharmaceutical company focused on developing, manufacturing and marketing pharmaceutical products. Financing will be used for Akorn's general corporate purposes and working capital needs.
CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services, as agent, along with co-lender BlueCrest Capital Finance have provided a $27.5 million senior secured credit facility to SkinMedica, Inc., a leading specialty pharmaceutical company focused on developing, acquiring, and commercializing products that treat dermatologic conditions and diseases and improve the appearance of skin.
SEOUL, Korea--(BUSINESS WIRE)--GE Healthcare Financial Services has provided a $10 million Sale and Leaseback financing to Catholic Medical Center (CMC), the largest hospital chain in Korea. The Seoul, Korea--based company will use the financing to lease back various equipment, including electronics, medical equipment and furniture for their new hospital and cancer center.
CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services has provided a $3 million Senior Secured Credit Facility to Codon Devices, the Constructive Biology™ Company---a privately-held biotechnology firm delivering products and platform solutions based on synthetic biology to the chemical industry. The financing will be used for growth and other working capital needs.
CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services has provided $123.5 million in senior credit facilities to Ambulatory Services of America, Inc. of Nashville, Tennessee. The senior debt financing includes a $20 million revolving line of credit, $70 million first lien term loan, and a $33.5 million second lien term loan. GE Healthcare Financial Services acted as Sole Lead Arranger and Sole Book-Runner for the financing and Administrative Agent for the first lien loans. GE also made a $5 million equity investment in Ambulatory Services of America.
