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GE Commercial Finance Healthcare Financial Services Closes $29 Million Financing Deal With Royal Senior Care

Posted on: Thursday, 3 November 2005, 09:01 CST

GE Commercial Finance Healthcare Financial Services has provided $29.2 million in fixed rate financing to Royal Senior Care, a North Miami Beach, Fla.-based private company that owns and operates seven senior housing communities throughout the southeastern United States under the name Royal Gardens Senior Living.

Royal Senior Care will use the fixed rate financing to grow its expanding portfolio of senior housing facilities in the south. The company tapped GE as a lender because of its ability to close the deal quickly and at the needed funding level - factors that are critical in the competitive senior housing acquisition market.

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 www.gehealthcarefinance.com.

Source: Business Wire

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