GE Healthcare Financial Services has signed a $75 million deal to provide a senior secured credit facility to The Schumacher Group, an emergency medicine management firm based in Lafayette, La.
GE played the role of sole lead arranger, sole book runner and administrative agent in this deal.
The physician-owned firm plans to use the credit proceeds to fund its continued expansion and refinance existing debt.
"GE Healthcare Financial Services' knowledge of our industry enabled it to quickly understand our business and craft a flexible solution to meet the growth needs of The Schumacher Group," said William C. Schumacher, MD, The Schumacher Group's CEO and chairman.
"The Schumacher Group has an exceptional industry reputation and track record. We are delighted to add them to our portfolio of healthcare customers," said Russ Herakovich, managing director for GE Healthcare Financial Services' corporate finance team. "We've built our relationship based on our expertise, and are excited for the opportunity to assist the company with its further expansion."
GE Healthcare Financial Services, based in Chicago and a business unit of the General Electric Company, provides capital, financial solutions and related services for the global healthcare market.