GE Capital, Healthcare Financial Services announced today that it is serving as administrative agent on a $65 million senior secured credit facility for National Hospice Holdings, LLC doing business as Life Choice Hospice. The financing supports Life Choice’s acquisition of SolAmor Hospice Corporation from Genesis HealthCare, LLC. GE Capital Markets served as sole lead arranger and bookrunner on the facility.
Life Choice Hospice is a privately owned and operated hospice organization headquartered in Dresher, PA. The company offers comprehensive services including case management, pain management, palliative care, personal care, counseling, spiritual care and emotional support. With the acquisition of SolAmor Hospice, the organization will provide hospice services from 29 offices across 12 states.
“GE Capital, Healthcare Financial Services has a strong track record in lending to the hospice sector. They thoroughly understood our goals and promptly provided financing tailored to match,” said David Glick, president and CDO of Life Choice Hospice. “Working with a flexible lender who could execute quickly was critical to meeting our growth objectives.”
“We provide financing solutions optimal to our customer’s business objectives,” said David Varhol, managing director of Corporate Finance at GE Capital, Healthcare Financial Services. “We’re pleased to support Life Choices’ ongoing growth in the hospice sector.”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 over 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 or @GELendLease). 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.