PRZOOM - /newswire/ -
Bethesda, MD, United States, 2010/06/30 - GE Capital's Healthcare Financial Services business has provided $90 million in senior secured credit facilities to Guardian Healthcare, a leading Medicare-certified provider of professional home healthcare services based in McKinney, TX. NYSE: GE
The company has 30 locations throughout Texas, Ohio and Oklahoma.
Capital, Healthcare Financial Services provided and serves as administrative agent for $90 million in senior secured credit facilities to Guardian Healthcare, a leading Medicare-certified provider of professional home healthcare services. The credit facilities will be used for a significant acquisition and to refinance existing indebtedness. The remaining funds will be used for additional growth capital and general corporate purposes. GE Capital Markets served as the lead arranger for the credit facilities.
Based in McKinney, TX, Guardian Healthcare has been providing home health services for over a quarter of a century; it currently has 30 locations throughout Texas, Ohio and Oklahoma. Enhanced Equity Fund, which has over $500 million invested in the healthcare services market, has backed Guardian Healthcare since 2006.
Steven Boyd, chief executive officer of Guardian Healthcare, said, “The expertise, professionalism and trustworthiness that we have with GE Capital, Healthcare Financial Services is why we chose them to lead our credit facility.”
Kenton Rosenberry, a general partner of Enhanced Equity Fund, added, “We’ve worked with GE Capital in our other portfolio companies, and find its stability and execution capabilities to be increasingly attractive in today’s challenging market.”
“We are pleased to support the growth of Guardian Healthcare through acquisitions,” said Robert McCarrick, senior managing director for GE Capital, Healthcare Financial Services’ corporate finance group. “Our industry expertise enables us to provide our client with the best financing solutions to meet their overall 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. 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 a diversified infrastructure, finance and media company that is taking on the world’s toughest challenges. Visit ge.com/.