Press release from Business Wire
GE Capital Provides $10 Million Term Loan Facility To Skylight Healthcare Systems
Tuesday, July 23, 2013
GE Capital Provides $10 Million Term Loan Facility To Skylight Healthcare Systems08:00 EDT Tuesday, July 23, 2013
BETHESDA, Md. (Business Wire) -- GE Capital, Healthcare Financial Services, announced today that it is serving as administrative agent and sole lender on a $10 million senior secured multi-draw term loan for Skylight Healthcare Systems, Inc. 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 leading provider of interactive patient care systems. From pre-admission through post-discharge, the company helps its customers to address patients' needs for education, services, and the essential information flows that enhance their experience.
About GE Capital, Healthcare Financial Services
With in-depth industry knowledge and expertise, GE Capital, Healthcare Financial Services has provided more than $60 billion in financing over ten years to companies in 45 healthcare sectors including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals and medical devices. Our team of professionals creates business and financial solutions tailored to meet the individual needs of our customers. For more information, visit gecapital.com/healthcare.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. For more information, visit the company's website at www.ge.com.
GE Capital, Americas
Allison Perkins, 203-229-1447