Daily News: December 17, 2012

GE Capital Agents National Hospice Holdings $65MM Facility


GE Capital, Healthcare Financial Services served as administrative agent on a $65 million senior secured credit facility for National Hospice Holdings (d/b/a Life Choice Hospice).

The financing will support Life Choice’s acquisition of SolAmor Hospice Corporation from Genesis HealthCare. GE Capital Markets served as sole lead arranger and bookrunner on the facility.

“GE Capital, Healthcare Financial Services has a strong track record in lending to the hospice sector. They thoroughly understood our goals and promptly provided financing tailored to match,” said David Glick, president and CDO of Life Choice Hospice. “Working with a flexible lender who could execute quickly was critical to meeting our growth objectives.”

Dresher, PA-based Life Choice Hospice is a privately owned and operated hospice organization headquartered that offers services including case management, pain management, palliative care, personal care, counseling, spiritual care and emotional support.