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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 Siemen
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SOURCE Siemens Financial Services, Inc.
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