GE's healthcare financing up 20%
GE Capital's Healthcare Financial Services (HFS) business provided more than $10.5 billion in financing to customers across more than 240 transactions in 2014, an increase of 20% from the prior year. For the third consecutive year, GE Capital was the No. 1 lead arranger for healthcare financings up to $1 billion in size, according to Thomson Reuters.
HFS is active across 45 healthcare segments — including seniors housing, outpatient services, pharmaceuticals, medical devices, hospitals and medical offices, and life sciences — financing acquisitions, refinancing existing debt, supporting working capital needs and funding early-stage commercialization efforts.
“While many segments in the healthcare industry are experiencing major changes and consolidation, others are part of a remarkable technology-driven expansion phase,” said Darren Alcus, president and CEO of GE Capital, Healthcare Financial Services. “Across all these sectors, we expect to see a high level of ongoing demand for debt financing in 2015.”