GE Capital Loans $25 Million to Nobilis Healthcare
May 26 2015 - 10:30AM
Business Wire
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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version on businesswire.com: http://www.businesswire.com/news/home/20150526005795/en/
GE Capital, Healthcare Financial ServicesMaria C. Moreno,
301-664-9859mariac.moreno@ge.comorGE CapitalLisa Tibbitts,
203-956-4582lisa.tibbitts@ge.comorNobilis Health
Corp.Nicolas DeVito, 908-234-2767NDevito@nobilishealth.com
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