GE Capital Releases Middle-Market CFO Survey
GE Capital has released the findings of its latest semi-annual Middle Market CFO Survey. In general, CFOs in the healthcare industry have grown significantly more optimistic about their industry and the overall economy since the last issuance of the survey (Q1/12).
Darren Alcus, president and chief executive officer, GE Capital, Healthcare Financial Services, said: “While the Supreme Court’s affirmation of the majority of the Affordable Care Act has removed a portion of the uncertainty facing the healthcare industry, the CFO survey illustrates the fundamental challenges facing the industry. The majority of healthcare CFOs surveyed look forward to improved industry growth and increased revenues, but they also expect profits to remain relatively the same as 2011, potentially indicating margin pressure due to reform. Faced with increased growth but potentially tight profits, it is not surprising that healthcare survey participants lead all industries in considering financing to support ongoing working capital needs.”
Healthcare respondents have revenues of $117 million and an employee count of 820, on average. Unless otherwise noted, data comparisons are being made to the last wave of the GE Capital U.S. Mid-Market CFO Survey executed in the first quarter of 2012.
In the third quarter of 2012, GE Capital surveyed the chief financial officers (CFOs) of 500 U.S. middle-market companies across seven distinct industries to ascertain their views on the U.S. economy and their outlook on a variety of important economic, industry and business-level issues, including growth expectations and financing needs.
This is GE Capital’s sixth U.S. Mid-Market CFO Survey. Earlier surveys were completed in the first and third quarters of 2010, 2011 and 2012.
The CFOs who were surveyed were drawn from an independent report produced by The Dun and Bradstreet Corporation. The respondents consisted of middle-market companies with revenue ranging from $50 million to $1 billion, except for the trucking industry where revenues range from $15 million to $1 billion.
The CFOs represent companies with average annualized revenue of $124 million and have a workforce of approximately 735 employees.
The survey encompassed seven industries:
To read the survey summary, click here.