GE Capital’s Healthcare Financial Services (HFS) business announced
today that it has provided a $25 million credit facility to Nobilis
Healthcare Corp., a healthcare facility owner and operator headquartered
in Houston. Nobilis will use the funds to refinance its existing debt as
well as for working capital and general corporate purposes.
“We entered into this new relationship because we were confident it
would help us continue to grow through 2015 and beyond," said Chris
Lloyd, CEO of Nobilis Health. “The HFS team enabled us to reduce our
average borrowing costs and streamline our capital structure. We’re very
pleased with the outcome.”
“We are excited to provide Nobilis with creative financing solutions
that support their growth plans,” said Al Aria, senior managing director
of corporate finance at GE Capital, Healthcare Financial Services. “Our
experience in the healthcare sector, along with our flexible financing
solutions, will help us to support Nobilis’ short- and long-term growth
goals.”
About Nobilis Healthcare Corp.
Nobilis owns and manages ambulatory and acute care facilities to deliver
healthcare services. Nobilis’ focus is improving access to care and
patient outcomes by providing minimally invasive procedures that can be
performed in low-cost, outpatient settings. Nobilis utilizes
direct-to-patient marketing and proprietary technologies to drive
patient engagement and education, resulting in added surgical volume and
outsized returns to investors. Nobilis owns and manages surgical
facilities in Dallas, Houston, and Scottsdale and has contractual
partnerships with facilities in Arizona, Oregon, Michigan, Minnesota,
Tennessee and New Jersey. For more information, visit www.NobilisHealth.com.
About GE Capital, Healthcare Financial Services
GE Capital’s Healthcare Financial Services (HFS) business is one of the
most active capital providers in the U.S. healthcare market, deploying
approximately $10.5 billion in new commitments to customers via 240+
transactions in 2014. That adds up to more than $80 billion in financing
over the past 11 years. For the third consecutive year, HFS was the top
lead arranger for financings up to $1 billion in U.S. healthcare
leveraged finance, according to Thompson Reuters LPC Loan Connector.
Customers across 45 healthcare sectors — including senior housing,
hospitals, medical offices, outpatient services, pharmaceuticals and
medical devices — rely on HFS to finance acquisitions, refinance
existing debt, support working capital needs and fund growth
initiatives. With in-depth industry knowledge and expertise, the HFS
team of professionals creates financial solutions tailored to meet the
individual needs of its customers. For more information, visit
gecapital.com/healthcare or follow company news via Twitter (http://twitter.com/GELendLease).
GE Capital offers customers around the globe an array of financial
products, services and insights to help them grow their businesses.
GE (NYSE:GE) imagines things others don’t, builds things others can’t
and delivers outcomes that make the world work better. GE brings
together the physical and digital worlds in ways no other company can.
In its labs and factories and on the ground with customers, GE is
inventing the next industrial era to move, power, build and cure the
world. www.ge.com
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