Navigation Links
Siemens Financial Services, Inc. Announces Completion of Credit Facility With Merit Mountainside, LLC
Date:12/4/2007

ISELIN, N.J., Dec. 4 /PRNewswire/ -- Siemens Financial Services, Inc. announced today that it has provided a $40 million senior secured credit facility to Merit Mountainside, LLC. The 5-year credit facility included a $15 million revolving line of credit and a $25 million term loan. The proceeds were used to complete the acquisition of Mountainside Hospital, which has served the Montclair/Glen Ridge, New Jersey community and surrounding townships since 1891, by Merit Health Systems, LLC.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO )

"Merit is committed to providing quality healthcare to the Montclair/Glen Ridge community and we are proud to help support them in such a great undertaking," said Roland Chalons-Browne, CEO of Siemens Financial Services. "Like Merit, we are committed to our customers and to the Healthcare industry and are excited to partner with Merit on this acquisition and look forward to a long-lasting relationship."

Siemens, one of the largest electronics and engineering companies in the world, has been a leader in the healthcare industry for more than 130 years. This heritage has largely been built on innovation and excellence. At SFS, it is precisely this healthcare industry expertise, our ability to be innovative and our reliability that allow us to uniquely partner with healthcare providers in creating financial solutions.

"Siemens Financial Services showed they were committed to helping us grow. Their financing offer was competitive and delivered as promised. We're happy to have established a relationship with a company with a proven, long term commitment to the healthcare industry," noted John Thompson, Chief Financial Officer of Merit Health Systems, LLC."

About Siemens Financial Services (SFS)

With some 1,800 employees and an international network of financial companies coordinated by Siemens Financial Services GmbH, Munich, the Siemens Financial Services group offers a broad range of financial services. This covers activities from sales and investment financing to treasury services, fund management and insurance brokerage. The group's key customers are internationally active industrial and services companies, as well as public- sector operators. The group supervises more than 20 equipment financing companies worldwide. Further information: http://www.siemens.com/finance

Siemens Financial Services, Inc. (SFS Inc.) is a leading provider of business-to-business financial services in the United States. SFS is a committed business ally that combines deep industry expertise with integrated financing solutions to enhance the efficiency, productivity, and competitiveness of its customers. The company, based in Iselin, NJ, enables business expansion for thousands of customers in the healthcare, energy, and industrial sectors by providing customized solutions that range from equipment financing and working capital to project and export finance, and insurance solutions. Further information on Siemens Financial Services in the United States: http://www.usa.siemens.com/financial

About Siemens

Siemens AG (NYSE: SI) is a global powerhouse in electrical engineering and electronics, focusing on the three key sectors of healthcare, industry and energy. Founded 160 years ago in Germany, Siemens AG reported sales of $96.6 billion in fiscal year 2007 (ended September 30). Siemens today employs more than 470,000 people in some 190 countries. In the United States alone, Siemens had sales of over $25 billion (including export sales), fueled largely by infrastructure projects and innovative solutions in the industry areas of medical, automation and control, power, transportation and lighting. Headquartered in New York City, Siemens in the U.S. employs nearly 72,000 people in all 50 states and Puerto Rico. The U.S. is also home to the global headquarters of nine of Siemens' worldwide businesses. For more information on Siemens in the United States, go to http://www.usa.siemens.com


'/>"/>
SOURCE Siemens Financial Services, Inc.
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Siemens Announces Early Termination of Hart-Scott-Rodino Waiting Period For Acquisition of Dade Behring Holdings, Inc.; U.S. Antitrust Clearance Achieved
2. Siemens Extends Tender Offer for Acquisition of Dade Behring
3. Siemens Congratulates Kenneth R. Bertka, M.D., Recipient of 2007 AMDIS Award
4. MEDRAD Announces eCoil(TM) for Siemens, Philips 3.0T MR Scanners
5. VIDEO from Medialink and Siemens: The Next Generation Allergy Test - Nothing to Sneeze At
6. Siemens Building Technologies Pioneers Wireless Solution for St. Anthonys Sensitive Environment
7. Susquehanna Health and Siemens Announce Plans to Improve Hospital Facilities Through Technology Investment
8. Siemens Medical Solutions Diagnostics Announces the Release of the Rapidlab 1200 Series Version 2.0 Software
9. VIDEO from Medialink and Siemens: Worlds Smallest Ultrasound Package Launches in the U.S.
10. Siemens Soarian Health Information Management is Widely Adopted by Leading Healthcare Institutions in 2007
11. James Cracknell Launches Siemens Stroke for Stroke Week
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/23/2017)... ... ... Hamlin Dental Group and Dr. Hamid Reza, dentist in North Hollywood ... of February, patients who visit Hamlin Dental Group will receive a ticket for a ... the Cheesecake Factory. , Tickets are available for routine dental visits and other ...
(Date:2/23/2017)... (PRWEB) , ... February 23, 2017 , ... ... an approved content provider for the National Institute for Health and Care ... social care-related organizations in the National Health Service (NHS) to search, order and ...
(Date:2/23/2017)... ... ... Dr. David Mahon leads Siena Dental, a comprehensive dental practice located at ... Top Patient Rated Henderson Dentist by Find Local Doctors earlier this year. ... dentists who have earned high ratings and superior patient reviews from multiple credible sources. ...
(Date:2/23/2017)... ... February 23, 2017 , ... ERT, a global data ... that Premier Research, a leading clinical development service provider, has selected ERT’s Trial ... complex, due in part to an array of circumstances including the use of ...
(Date:2/23/2017)... NJ (PRWEB) , ... February 23, 2017 , ... ... the pre-eminent publication and community for those in the fight against cancer, has ... important in their success. HRA will release top-line findings in a webinar, ...
Breaking Medicine News(10 mins):
(Date:2/23/2017)... 23, 2017 Research and Markets has announced ... & Trends - Industry Forecast to 2025" report to their ... The ... CAGR of around 9.2% over the next decade to reach approximately ... market estimates and forecasts for all the given segments on global ...
(Date:2/23/2017)... MIAMI , February 23, 2017 ML ... stake in Colorado Highlife Tours , a ... strategic plan in partnership with Puration, Inc. (USOTC: PURA) to enter ... luxury cannabis tours product. The Colorado Highlife Tours acquisition announced today ... cannabis tourism strategy. ...
(Date:2/23/2017)... The U.S. cannabis market is growing ... use in 2016. According to a new report published by ... estimated $7.2 billion in 2016 and is projected to grow ... recreational sales are projected to jump from $2.6 billion in ... The market may grow faster as the estimate was based ...
Breaking Medicine Technology: