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GE Forms $9B Healthcare Finance Unit

STAMFORD, CT-GE Capital Healthcare Financial Services is GE Capital's new $9-billion unit that will provide real estate financing and other similar products for the healthcare industry.

By John Jordan | Updated on June 19, 2002

STAMFORD, CT-GE Capital reports that it has officially launched a new $9 billion business unit–GE Capital Healthcare Financial Services–a division that will provide real estate financing, equipment leasing, capital lending and equity investing to the healthcare industry.

GE Capital Healthcare Financial Services, which is headquartered in Chicago at 500 West Monroe St., brings together functions from various GE Capital units as well as from Heller Financial, which GE Capital acquired in October 2001. The company’s headquarters space was formerly occupied by Heller Financial, according to a company spokesperson. GE Capital Healthcare Financial Services, which has $9 billion in assets, employs approximately 75 workers at its 30,000-sf Chicago headquarters. The company also employs approximately 30 workers at its Danbury, CT. office. In total, the new unit of GE Capital has a workforce of nearly 600 employees with offices throughout North America, Latin America, Europe and Asia.

GE Capital, which has assets of more than $425 billion, is headquartered in Stamford, CT.

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