NewswireToday - /newswire/ -
Bethesda, MD, United States, 2010/07/12 - GE Capital, Healthcare Financial Services today announced it has provided a $4.5 million credit facility to QSpex Technologies, Inc. (NYSE: GE). NYSE: GE
The financing provides working capital and funds capital equipment expenditures supporting QSpex's product launch in late 2010.
Based in Alpharetta, GA, QSpex Technologies, Inc. Lens Transformation Technology delivers a high quality in-office solution for eyecare professionals across the U.S. to produce prescription eyeglass lenses faster, easier, less expensively and more profitably than current options available on the market.
"GE Capital’s healthcare industry expertise and professionalism were instrumental in this transaction," said Dennis Carr, vice president of finance for QSpex Technologies, Inc. “Working with a trustworthy lender gave us confidence that our financing needs were as important to GE as they are to us.”
“We are pleased to be able to provide capital to QSpex Technologies, Inc. to support this important product launch,” said Anthony Storino, senior managing director, life sciences, for GE Capital, Healthcare Financial Services. “GE’s combination of healthcare and financial expertise can provide our customers with unmatched resources to reach their critical business objectives.”
About GE Capital, Healthcare Financial Services
With over $17 billion invested in more than 30 sub-sectors including senior housing, hospitals, pharmaceuticals, and medical devices, GE Capital, Healthcare Financial Services is a premier provider of capital and services to the healthcare industry. Our team of professionals provides deep industry expertise to create business and financial solutions tailored to meet the individual needs of our customers. The Life Science Finance team has worked with more than 500 companies throughout the United States, Canada and Europe. With a dedicated focus on assisting life science companies large and small, from the first venture round to post-IPO, the team has provided over $2.5 billion in financing to the market. For more information, visit gecapital.com/healthcare.
GE Capital (ge.com) 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 world’s toughest challenges.