GE Healthcare Financial Services.GE Healthcare GE Healthcare is a $18 billion (USD) unit of General Electric (GE). It employs more than 46,000 people worldwide and is headquartered in Chalfont St. Giles, Buckinghamshire, United Kingdom. GE Healthcare is the first GE business segment headquartered outside the United States. Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. is a provider of capital, financial solutions and related services for the global healthcare market. Established in 2002, GE Healthcare Financial Services brings together GE's vast healthcare-related financial expertise, assets and capabilities under one business. Backed by GE's AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. debt rating, this specialized healthcare organization has quickly emerged as one of the most respected financial service providers in the industry, offering a comprehensive range of financing products, from equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
n. See skilled nursing facility. , skilled nursing centers, assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. facilities, hospitals, and outpatient centers, as well as companies that serve the provider community. GE Healthcare Financial Services is supported by a staff of knowledgeable and experienced investment officers and underwriters dedicated to helping the healthcare industry become more productive, competitive and profitable through the creation of tailored, reliable, well capitalized, competitively-priced financing programs. Whether it's real estate financing, working capital support, flexible asset-based lending Asset-Based Lending A business loan secured by collateral (assets). The loan, or line of credit, is secured by inventory, accounts receivable and/or other balance-sheet assets. Also known as "commercial finance" or "asset-based financing". , or equipment leases or loans, this industry know-how provides senior housing customers with the support they need to grow their businesses. It also provides customers with the confidence that every transaction with GE Healthcare Financial Services will be structured and well executed, and undergo an extensive operator review process that explores not only a customer's financial condition and organizational structure, but also its hiring practices, marketing plans, training, purchasing, capital improvement planning, strategy for growth, and more. The result: Customers get a lender that understands their strengths and weaknesses and can offer customized solutions that work for them, on time and with no last-minute, unexpected surprises. This execution speed and short turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. was instrumental in providing Omega Healthcare Investors, Inc., with the critical help they needed to grow their business. After months of searching for capital, Omega turned to GE Healthcare Financial Services' proven execution strategies and financial strength. In less than 30 days, GE worked with Omega to define and analyze their risk and was able to provide Omega with a new $225 million Senior Secured Credit Facility. The loan proceeds were used to refinance Omega's two existing credit facilities, issue letters of credit, pay accrued preferred dividends and to support general operating needs. "GE Healthcare Financial Services' knowledge of the long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. industry and their financial strength enabled their team to quickly syndicate and close this complex transaction to meet our financial needs," said Taylor Pickett, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Omega Healthcare Investors, Inc. "This financing significantly extends Omega's maturing debt, thus providing broad flexibility to managing our current portfolio and making decisions regarding dividend reinstatement, as well as providing for future growth opportunities." For more information on GE Healthcare Financial Services or to learn how the company's dedicated staff can structure a flexible, creative financing solution to meet your unique business needs, call (800) 598-6201 or visit www.gehealthcare.com. 500 West Monroe | Chicago, IL 60661 | 312-441-7705 or 800-598-6201 |
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