GE Capital's Healthcare Financial Services said it has helped arrange a $500 million credit facility for Brookdale Senior Living Inc. HFS is administrative agent and GE Capital Markets is sole lead arranger on the transaction.
Two-thirds of executives in seniors housing said their primary strategy for growth in 2015 is to buy or merge with existing properties, according to a new GE Capital, Healthcare Financial Services survey.
For healthcare companies, indications of future growth are positive, despite concerns about the cost of employee healthcare as well as the overall cost of doing business, both of which are making it difficult for middle market firms across multiple industries to maintain margins. Half of healthcare firms indicated that they saw improved performance compared to one year ago
Berkadia Commercial Mortgage LLC has originated $85.9 million for a portfolio of 15 seniors housing communities located throughout North Carolina.
GE Capital, Healthcare Financial Services announced it deployed approximately $9 billion in new commitments to customers in over 200 transactions in 2013.
Tommy Ryan joined Healthcare Finance Group, LLC as a senior vice president of business development in October. He will oversee expanding business development efforts in the western United States, and will be located in Salt Lake City, UT.
Finance deals announced from GE Capital, Cushman and Wakefield, Housing & Healthcare Finance LLC, and Gemino Healthcare FinanceOctober 22, 2013
The companies announced financing and acquisition information.
Most executives expect to pursue mergers and acquisitions as part of their growth strategy over the next year, while a third will look at recapitalization, according to a new survey from GE Capital, Healthcare Financial Services.
Several companies announced deals or closings in the past week.