GE Capital’s Healthcare Financial Services (HFS) business announced today that it has provided a $25 million credit facility to Nobilis Healthcare Corp., a healthcare facility owner and operator headquartered in Houston. Nobilis will use the funds to refinance its existing debt as well as for working capital and general corporate purposes.
“We entered into this new relationship because we were confident it would help us continue to grow through 2015 and beyond," said Chris Lloyd, CEO of Nobilis Health. “The HFS team enabled us to reduce our average borrowing costs and streamline our capital structure. We’re very pleased with the outcome.”
“We are excited to provide Nobilis with creative financing solutions that support their growth plans,” said Al Aria, senior managing director of corporate finance at GE Capital, Healthcare Financial Services. “Our experience in the healthcare sector, along with our flexible financing solutions, will help us to support Nobilis’ short- and long-term growth goals.”
About Nobilis Healthcare Corp.
Nobilis (nobilishealth.com) owns and manages ambulatory and acute care facilities to deliver healthcare services. Nobilis’ focus is improving access to care and patient outcomes by providing minimally invasive procedures that can be performed in low-cost, outpatient settings. Nobilis utilizes direct-to-patient marketing and proprietary technologies to drive patient engagement and education, resulting in added surgical volume and outsized returns to investors. Nobilis owns and manages surgical facilities in Dallas, Houston, and Scottsdale and has contractual partnerships with facilities in Arizona, Oregon, Michigan, Minnesota, Tennessee and New Jersey.
About GE Capital, Healthcare Financial Services
GE Capital’s Healthcare Financial Services (HFS) business is one of the most active capital providers in the U.S. healthcare market, deploying approximately $10.5 billion in new commitments to customers via 240+ transactions in 2014. That adds up to more than $80 billion in financing over the past 11 years. For the third consecutive year, HFS (gecapital.com/healthcare) was the top lead arranger for financings up to $1 billion in U.S. healthcare leveraged finance, according to Thompson Reuters LPC Loan Connector.
Customers across 45 healthcare sectors including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals and medical devices rely on HFS to finance acquisitions, refinance existing debt, support working capital needs and fund growth initiatives. With in-depth industry knowledge and expertise, the HFS team of professionals creates financial solutions tailored to meet the individual needs of its customers. GE Capital offers customers around the globe an array of financial products, services and insights to help them grow their businesses.
GE (ge.com) imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world.