Company Presents Shock-Absorbing Disc and Posterior Disc at NASS
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--SpinalMotion, developer of two investigational artificial discs for treating patients with degenerative disc disease, has closed a $14 million loan facility with GE Healthcare Financial Services. The venture debt will be used to fund SpinalMotion's product expansion and additional clinical evaluation.
CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services signed a vendor financing agreement with Haemonetics Corporation, a global healthcare company dedicated to providing innovative blood management solutions. Under the agreement, GE Healthcare Financial Services will provide its full range of equipment financing options including operating leases, loans and customized programs to Haemonetics' customers.
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.
CHICAGO--(BUSINESS WIRE)--Capital improvements and other upgrades may suffer at hospitals across the country unless administrators find a way to cope with the medical malpractice insurance obligations and pension plans that are competing for these dollars. But planning to pay for unfunded obligations is just the tip of an operational iceberg known as unfunded liabilities that hospital CFOs need to successfully navigate.
CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services has provided a $320 million senior secured credit facility to Saint Vincent Catholic Medical Centers of New York, one of the largest healthcare systems in the New York Metro area. The financing, which consists of a $50 million revolving credit facility and $270 million real estate based term loan, will support the hospital's exit from Chapter 11 Bankruptcy.
CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services continues to show its commitment to the senior housing industry with a $207 million first mortgage for the Atria Senior Living Group. Louisville-based Atria -- the eighth largest provider of retirement and assisted-living services in the United States -- owns and operates 124 communities in 27 states.
CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services has provided a $3.3 million lease line of credit to BioStorage Technologies (BST). The Indianapolis, IN.-based company is a worldwide leader in short-term and long-term biomaterials storage, sample management and cold chain logistics. They will use the loan to support additional BST capital acquisitions.
CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services announced today it closed a $1.3 billion senior secured credit facility for Inverness Medical Innovations, Inc. (AMEX:IMA) to support the acquisition of Biosite Incorporated (Nasdaq:BSTE). GE Healthcare Financial Services serves as Administrative Agent for the facility. GE Capital Markets and UBS Investment Bank were Joint Lead Arrangers for the facility.
Positioning Underscores GE's Role as Healthcare's Most Resourceful Problem Solver
CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services, a leading global provider of business and financial solutions to the healthcare industry, today launched a new brand campaign that articulates the Company's expertise as "Healthcare's Most Resourceful Problem Solvers."
