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GE Capital Healthcare Deployed $5 Billion to Health Care Industry YTD

November 14, 2011, 07:30 AM
Filed Under: Healthcare

The Washington Post reported that GE Capital Healthcare Financial has deployed more than $5.0 billion in loans through the first nine months of the year to some forty sectors of the health care industry.  The report also states that the unit has provided more than $60 billion in financing to health-related companies in the nine years it has been in operation.

The unit is experiencing an increase in business activity putting it on track to exceed its 2010 lending activity by 15%.
The report quotes Daren Alcus, President and CEO as saying “Health care has seen a lot of activity, given some of the expectations around reform and changes to the health care system.”  Alcus also added “You’ve seen a lot of consolidation, companies growing organically — some in preparation for anticipated changes to the system, others defensibly.”

GE Capital Healthcare Financial is one of seven units comprising GE Capital.

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