NewswireToday - /newswire/ -
Bethesda, MD, United States, 2013/06/19 - GE Capital, Healthcare Financial Services announced that it is serving as administrative agent and sole lender on a $7.5 million multi-draw senior secured term loan facility for OraMetrix, Inc. (NYSE: GE) - GECapital.com. NYSE: GE
The financing will be used for working capital and to support growth initiatives.
Headquartered in Richardson, TX, OraMetrix is a leading industry provider of 3-D technology solutions that improve the quality and efficiency of orthodontic care. Its innovative, proprietary technology, the SureSmile system, provides doctors with increased precision, efficiency and control, while patients experience shorter treatment times, less overall discomfort and fewer office visits.
“GE took the time to truly understand the dynamics of our unique business model,” said Charles Abraham, CEO of OraMetrix. “Throughout the process, they worked closely with us and customized financing to meet our market expansion objectives.”
“Our specialty is providing life sciences companies with business-building capital,” said Anthony Storino, senior managing director, GE Capital, Healthcare Financial Services, Life Sciences. “We are pleased to support innovative companies such as OraMetrix who operate in rapidly evolving industries and require flexibility as their business objectives and financing needs naturally evolve over time.”
About GE Capital, Healthcare Financial Services
With in-depth industry knowledge and expertise, GE Capital, Healthcare Financial Services (gecapital.com/healthcare) has provided more than $60 billion in financing over ten years to companies in over 45 healthcare sectors including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals and medical devices. Our team of professionals creates business and financial solutions tailored to meet the individual needs of our customers.
GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services. GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance.