NewswireToday - /newswire/ -
Bethesda, MD, United States, 2010/03/18 - GE Capital, Healthcare Financial Services has provided $31.5 million as part of a $145 million senior secured credit facility for Harden Healthcare, LLC. NYSE: GE
Harden will use the proceeds of the financing to provide additional growth capital and to refinance its existing debt facilities. GE Capital is the administrative agent for the credit facility. GE Capital Markets served as co-lead arranger and joint bookrunner.
Harden Healthcare is an Austin, TX based healthcare company that provides home-healthcare services and manages skilled nursing and assisted living facilities.
“We are excited about the flexibility provided by our new credit facility and our expanded ability to invest in both de novo and acquisition opportunities,” said Lew Little, chief executive officer, Harden Healthcare, LLC. “We have enjoyed strong growth throughout our history and we look forward to continuing to add value for our patients, associates, and shareholders.”
”Customers appreciate our ability to provide significant amounts of capital when it matters most,” said Robert McCarrick, senior managing director for GE Capital, Healthcare Financial Services’ corporate finance group. “GE’s healthcare industry expertise and experience continue to help our customers meet their overall business objectives.”
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 30 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 Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems.