Daily News: January 14, 2014

GE Capital HFS Provided $9B in Financing in 2013

GE Capital said its Healthcare Financial Services business ended 2013 as one of the most active capital providers in the U.S. healthcare market, deploying approximately $9 billion in new commitments to customers in more than 200 transactions.

GE Capital said for the fourth consecutive year, it was the top lead arranger by volume and number of transactions completed for all financings under $500 million in U.S. healthcare leveraged finance. Customers across a broad array of healthcare subsectors utilized GE Capital financing to make acquisitions, refinance existing debt, support working capital needs and fund growth initiatives.

“Despite continued uncertainty and volatility in the healthcare sector in 2013, we delivered critical capital to customers across multiple sectors. Our clients can rely on us for a combination of industry expertise, a strong balance sheet and robust capital markets capabilities,” said Darren Alcus, president and CEO of GE Capital, Healthcare Financial Services. “Looking at the year ahead, we expect more M&A activity and continued market consolidation as healthcare executives seek strategic opportunities to maximize efficiencies and scale.”

GE Capital, Healthcare Financial Services said it met the needs of customers across three primary segments in 2013: Corporate Finance, Healthcare Real Estate and Life Sciences.