GE Capital provides Schumacher Group $120M in senior secured credit facilities

Jun 9 2010

GE Capital, Healthcare Financial Services provided, as administrative agent, $120 million in senior secured credit facilities to Schumacher Group, the third largest company serving the outsourcing emergency services management industry. The credit facilities will be used to provide the company with additional growth capital and to refinance existing indebtedness. GE Capital Markets served as lead arranger.

“Our products, healthcare industry expertise and financing experience uniquely enable us to help customers meet their overall business objectives.”

Based in Lafayette, LA, Schumacher Group is a leading provider of outsourced physician and administrative services to hospital emergency departments.

"GE Capital, Healthcare Financial Services has been a supportive and loyal finance resource through our company's growth," said Dr. William C. "Kip" Schumacher, Schumacher Group's chief executive officer and chairman. "Expertise, professionalism and trustworthiness are among the reasons we continue to work with GE."

"We are pleased to continue to support Schumacher Group with multiple financial products as they work to grow their business," said Robert McCarrick, senior managing director for GE Capital, Healthcare Financial Services' corporate finance group. "Our products, healthcare industry expertise and financing experience uniquely enable us to help customers meet their overall business objectives."

SOURCE GE Capital, Healthcare Financial Services