CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services, acting as Sole Lead Arranger, Sole Book Runner and Administrative Agent, has provided a $75 million Senior Secured Credit Facility to The Schumacher Group, a leading emergency medicine management firm. The Lafayette, LA-based company will use the credit proceeds to fund its continued expansion and refinance existing debt.
“GE Healthcare Financial Services’ knowledge of our industry enabled it to quickly understand our business and craft a flexible solution to meet the growth needs of The Schumacher Group,” said William C. “Kip” Schumacher, MD, CEO and Chairman.
“The Schumacher Group has an exceptional industry reputation and track record; we are delighted to add them to our portfolio of healthcare customers,” said Russ Herakovich, Managing Director for GE Healthcare Financial Services’ corporate finance team. “We’ve built our relationship based on our expertise, and are excited for the opportunity to assist the company with its further expansion.”
A leader in corporate finance, GE ranks at the top of several leveraged lending league tables from the Loan Pricing Corporation (June 2008), including:
* #1 US Large Middle Market Lead Arranger * #3 US Middle Market Lien Lead Arranger * #4 US Healthcare Lead Arranger
About GE Healthcare Financial Services
GE Healthcare Financial Services is a provider of capital, financial solutions, and related services for the global healthcare market. With more than $22 billion of capital committed to the healthcare industry, GE Healthcare Financial Services offers a full range of capabilities from equipment financing and real estate financing to working capital lending, vendor programs, and practice acquisition financing. With its knowledge of all aspects of healthcare from hospitals and long-term care facilities to physicians’ practices and life sciences, GE Healthcare Financial Services works with customers to create tailored financial solutions that help them improve their productivity and profitability. For more information, visit www.gehealthcarefinance.com .
About The Schumacher Group
A physician owned and oriented company, The Schumacher Group is committed to providing efficiently run, quality centered work environments so its practitioners are free to focus on patient care. The Schumacher Group holds a steadfast commitment to be the most mission-driven, user-friendly emergency management firm in the nation. Its clients and practitioners experience not only expert staffing and management services, but also an industry-unique level of customer service and deliverables. For more information, visit www.schumachergroup.com.
Contacts
GE Healthcare Financial Services Deia Campanelli 312-441-6169 deia.campanelli@ge.com http://www.gehfs.com
