GE Capital Healthcare Flexes Muscle, Reaps Benefits
Also in health business news, Sutter Health names a new chief operating officer.
The Washington Post: GE Capital Healthcare Has Loaned $5 Billion This Year
The full breadth of health care reform has yet to be felt, but GE Capital Healthcare Financial Services is reaping the benefits. The Bethesda-based specialty finance firm is witnessing an upturn in business that has it on track to surpass its 2010 lending activity by roughly 15 percent. … Through the first nine months of the year, the company, which provides financing to some 40 sectors of the health care industry, deployed more than $5 billion in loans (Douglas, 11/13).
The Sacramento Bee: Sutter Health Lifts Longtime Exec To COO
Sacramento-based Sutter Health named a longtime executive as its next chief operating officer Friday, the health network's first since 2005. Sarah Krevans, president of Sutter Health's Sacramento Sierra Region the past several years and a Sutter executive since 1999, will step into the post in January. As Sutter Health and other health care providers gird for federal health reform, Krevans will also lead a $300 million cost-reduction effort within Sutter's administrative functions, officials said (Smith, 11/12).