Daily News: July 23, 2013

GE Capital Provides $10MM Facility to Skylight Healthcare


GE Capital, Healthcare Financial Services, said it is serving as administrative agent and sole lender on a $10 million senior secured multi-draw term loan for Skylight Healthcare Systems. The company intends to use the financing primarily for capital expenditures associated with new hospital contracts and other corporate purposes.

“With the changes in healthcare leading to expanded opportunities for patient engagement solutions, the GE Capital team used their healthcare expertise to provide us with the financing we need to grow,” said Jack Fitzpatrick, CFO of Skylight Healthcare Systems. “In working with GE, we have a flexible and knowledgeable lender who is supportive of our business.”

“We’re pleased to support companies like Skylight who are responding to the increasing demands within healthcare IT with innovative solutions,” said Anthony Storino, senior managing director, GE Capital, Healthcare Financial Services, Life Sciences. “We look forward to working with Skylight by providing the business-building capital they need.”

Headquartered in San Diego, CA, Skylight Healthcare Systems is a provider of interactive patient care systems.