GE Capital Finances Over $5 Billion of Healthcare Transactions in 2011

GE Capital Healthcare Financial Services financed over $5 billion in the first 9 months of 2011 said the company on Monday. Over the first three quarters, GE funded over 130 transactions reaching over 40 sub-sectors including senior housing, making it the largest arranger according to Thompson Reuters.

“Our sole focus is healthcare lending, so even when other lenders pull back, our industry knowledge, capital markets expertise and balance sheet give us the confidence and ability to provide critical financing for our customers,” said Darren Alcus, president and CEO of GE Capital, Healthcare Financial Services. “Healthcare executives remain relatively optimistic about the future, but uncertainty around government spending cuts is straining access to capital for some companies today.”

GE Capital, Healthcare Financial Services also closed 3 new transactions through the Senior Secured Loan Program (“SSLP”) during the same period totaling approximately $250 million. The SSLP, jointly managed by Ares Capital Corporation and an affiliate of GE Capital, provides one loan to replace traditional senior and mezzanine debt, allowing for greater speed and simplicity.


“As a major investor in the industry, we’re dedicated to helping our customers succeed,” added Alcus. “Aside from financing, one way we do this is by providing insights and expertise to help customers tackle their toughest business challenges. For example, twice over the next six months, we’ll bring together top executives in finance and key healthcare sub-sectors to discuss the most important issues facing the industry.”

Written by John Yedinak