GE Capital provides $10M term loan facility to Skylight Healthcare Systems


BETHESDA, Md.—GE Capital, Healthcare Financial Services, announced today that it is serving as administrative agent and sole lender on a $10 million senior secured multi-draw term loan for Skylight Healthcare Systems, Inc. The company intends to use the financing primarily for capital expenditures associated with new hospital contracts and other corporate purposes.

“With the changes in healthcare leading to expanded opportunities for patient engagement solutions, the GE Capital team used their healthcare expertise to provide us with the financing we need to grow,” said Jack Fitzpatrick, CFO of Skylight Healthcare Systems. "In working with GE, we have a flexible and knowledgeable lender who is supportive of our business."

“We’re pleased to support companies like Skylight who are responding to the increasing demands within healthcare IT with innovative solutions,” said Anthony Storino, senior managing director, GE Capital, Healthcare Financial Services, Life Sciences. “We look forward to working with Skylight by providing the business-building capital they need.”

Headquartered in San Diego, CA, Skylight Healthcare Systems is a leading provider of interactive patient care systems. From pre-admission through post-discharge, the company helps its customers to address patients' needs for education, services, and the essential information flows that enhance their experience.

 

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 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). 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.

 

 



July 25, 2013


Topic Area: Press Release


Recent Posts

Disinfectant Contact Time: The Case for Biofilm Disruption

Contact time, while essential for compliance, does not reliably predict microbial reduction on actual healthcare surfaces.


Rethinking How Healthcare Facilities Fund Construction Projects

Rising costs and competing priorities are driving healthcare organizations to explore new financing arrangements and construction strategies.


Putting Trauma-Informed Design into Practice

Arnold's Place demonstrates how design choices can promote dignity and a sense of control for those experiencing homelessness.


Harris Health to Build New Freestanding Cancer Center

The center is planned to open in 2029, following the opening of the new O'Quinn Hospital along the North Loop at Lockwood.


Inland Empire Health Plan Opens Expanded San Bernardino Community Wellness Center

The new 33,000-square-foot center is nearly three times the size of the original location off Second Street.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.