GE Healthcare Financial Services Leads $65 Million Financing For Accuro Healthcare Solutions, Inc.
Posted on: Monday, 6 February 2006, 09:01 CST
GE Healthcare Financial Services led a $65 million senior credit facility for Accuro Healthcare Solutions Inc., a Dallas-based company that provides comprehensive solutions to optimize revenue and improve financial and operational efficiencies for healthcare providers.
Accuro Healthcare Solutions, Inc. used the senior credit facility to support the acquisition of CodeCorrect, LLC, which offers a comprehensive set of web-based coding tools to help hospitals and physicians streamline the reimbursement process and optimize revenue. GE Healthcare Financial Services' industry expertise enabled it to tailor a product that complements Accuro's growth plans.
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 over $13 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 Accuro
Accuro was formed in late 2004 to provide comprehensive solutions that optimize revenue and improve financial and operational efficiencies for healthcare providers. In addition to CodeCorrect and Innovative Health Solutions, Accuro's IMACS (Innovative Managed Care Systems, Ltd.) subsidiary is the industry leader in contract management and point-of-service pricing solutions through three of its products, MACS Performance, MACS Professional and CarePricer. Accuro is backed by Welsh, Carson, Anderson and Stowe, one of the largest private equity firms in the United States that invests solely in information and business services, healthcare, and communications industries.
Source: Business Wire
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