GE Capital Closes $135 Million Credit Facilities for SpecialtyCare
BETHESDA, Md.--05 July 2011-- GE Capital, Healthcare Financial Services announced today that it has closed $135 million in senior secured credit facilities for SpecialtyCare. The financing supported the investment in SpecialtyCare by American Securities, and will provide SpecialtyCare with additional growth capital. GE Capital Markets served as joint lead arranger and joint bookrunner for the credit facilities.
Headquartered in Nashville, TN, SpecialtyCare serves more than 545 hospitals, including more than 180 cardiac surgery programs at hospitals in 40 states, the District of Columbia, Puerto Rico, and Germany. In addition to perfusion, autotransfusion, minimally invasive surgical support services and anesthesia technician services, SpecialtyCare's clinicians provide surgical assist, intraoperative neurological monitoring, and sterile processing department services.
This financing will provide SpecialtyCare the flexibility required to grow the company and continue to be a leader in our industry, said Mike Mauldin, chief financial officer, SpecialtyCare. We value working with a lender who understands the unique dynamics of our industry and works closely with us to tailor financing to meet our needs.
We are pleased to provide financing to SpecialtyCare to help them execute their plans for growth, said Robert McCarrick, senior managing director, GE Capital, Healthcare Financial Services, Corporate Finance. This financing will allow the company flexibility to remain a top provider in a very promising market.
About GE Capital, Healthcare Financial Services
With over $17 billion invested, GE Capital, Healthcare Financial Services is a premier provider of capital and services to the healthcare industry, with investments in more than 40 sub-sectors including senior housing, hospitals, pharmaceuticals, and medical devices. Our team of professionals provides deep industry expertise to create business and financial solutions tailored to meet the individual needs of our customers. For more information, visit gecapital.com/healthcare.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the worlds toughest challenges. Visit ge.com.