GE Commercial Finance Healthcare Financial Services Renews Relationship With Kaleida Health
Posted on: Monday, 17 October 2005, 15:00 CDT
BUFFALO, N.Y., Oct. 17 /PRNewswire/ -- GE Commercial Finance Healthcare Financial Services has renewed a $20 million revolving line of credit with Kaleida Health for an additional three years.
Kaleida Health, a GE client since 2002, will use the line of credit to support the improvement and expansion of its programs and services in Western New York.
"We are extremely grateful for our partnership with GE Commercial Finance Healthcare Financial Services," said William D. McGuire, CEO of Kaleida Health. "They are one of the most reliable healthcare lenders in the country. The favorable rates that we have received from GE, which are the most competitive in the local market, reflect the continuing improvement of the Kaleida Health balance sheet as well as the overall stability of our finances."
GE Commercial Finance Healthcare Financial Services worked with Kaleida to extend the line of credit with more favorable terms that met the growing healthcare system's needs and reflected Kaleida's improved financial position.
About GE Commercial Finance Healthcare Financial Services
GE Commercial Finance Healthcare Financial Services is a provider of capital, financial solutions, and related services for the global healthcare market. With over $13 billion of capital committed to the healthcare industry, GE Commercial Finance 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 Commercial Finance Healthcare Financial Services works with customers to create tailored financial solutions that help them improve their productivity and profitability. For more information, visit http://www.gehealthcarefinance.com/.
About Kaleida Health
Kaleida Health is the largest health care provider in Western New York. More than one million patients are seen annually at Buffalo General Hospital, DeGraff Memorial Hospital, Millard Fillmore Gates Circle Hospital, Millard Fillmore Suburban Hospital, Women and Children's Hospital of Buffalo and numerous community health care centers. The not-for-profit family of health care companies also includes the Deaconess Center and Waterfront long-term care facilities, plus the nation's oldest -- and original -- Visiting Nursing Association.
Kaleida Health
CONTACT: Michael P. Hughes of Kaleida Health, +1-716-859-3795; or DeiaCampanelli of GE, +1-312-441-6169
Web site: http://www.kaleidahealth.org/http://www.gehealthcarefinance.com/
Source: PRNewswire
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