Siemens Provides $5.7 Million in Financing for New Outpatient Surgery Center

Aug 02, 2011, 09:30 ET from Siemens Financial Services, Inc.

ISELIN, N.J., Aug. 2, 2011 /PRNewswire/ -- Siemens Financial Services, Inc. (SFS Inc.), the U.S. unit of Siemens' Financial Services division, recently completed a $5.7 million financing to support the development of a new outpatient surgery center, doing business as the Surgery Center of Anchorage located in Anchorage, Alaska. The financing was used to acquire equipment and make facility improvements. The new facility is owned and operated by Regent Surgical Health and 18 area physicians who represent 7 specialties.

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"Within the healthcare community, outpatient surgery is often viewed as a more effective option for certain types of procedures, for both patients and doctors," said Kirk Edelman, president and chief executive officer, SFS Inc. "This approach is a clear example of how the cost and delivery of healthcare can be improved, and we are glad that we can provide the necessary capital to fund projects like these."  

"We have an exceptional understanding of the outpatient surgery business model. Many of the leading developers and operators in this market segment appreciate this and seek to work with us on their projects, both as a financier and a value added collaborator," said Ted Drake, senior vice president and general manager of healthcare finance. "We are very pleased that we were able to work with Regent Surgical Health and their physician partners on this project and help them successfully open this new outpatient surgery center."  

"Regent has worked successfully with members of the Siemens team on a number of debt financings over the past five years," said Michael Karnes, chief financial officer, Regent Surgical Health. "Their ability to underwrite both De Novo and turnaround situations, to assess the potential for a variety of facilities and to craft creative financing structures makes them good colleagues with whom to do business."

To learn more about the company's healthcare financing capabilities, please visit: www.usa.siemens.com/healthcarefinance

About Siemens

The Financial Services (SFS) division of Siemens is an international provider of financial solutions in the business-to-business area. With about 2,000 employees and an international network of financial companies coordinated by Siemens Financial Services GmbH, Munich, SFS supports Siemens as well as non-affiliated companies, focusing on the three sectors of energy, industry and healthcare. SFS finances infrastructure, equipment and working capital and acts as a competent manager of financial risks within Siemens. For more information see: 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 Inc. 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: www.usa.siemens.com/finance

Siemens Corporation is a U.S. subsidiary of Siemens AG (NYSE:  SI), a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors.  For more than 160 years, Siemens has built a reputation for leading-edge innovation and the quality of its products, services and solutions.  With 405,000 employees in 190 countries, Siemens reported worldwide revenue of $102.9 billion in fiscal 2010.  Siemens in the USA reported revenue of $19.9 billion and employs approximately 62,000 people throughout all 50 states and Puerto Rico.  For more information on Siemens in the United States, visit www.usa.siemens.com

About Regent Surgical Health

Founded in 2001, Regent Surgical Health has grown to develop, manage, and own 17 ASC5 and 1 specialty hospital. Regent works with ambulatory surgery centers throughout the United States, from Anchorage, AK to Orlando (Mt. Dora), FL.

Regent develops, manages and invests in Surgical Centers and Specialty Hospitals throughout the US. Regent has an unmatched record for delivering sustainable profitability while enabling physician partners to maintain clinical autonomy and financial control. We invest capital side by side with physician partners and firmly believe the by-product of excellent care and efficiency is financial success.

For more information, contact us at (708) 492-0531 or visit our website at: www.regentsurgicalhealth.com

SOURCE Siemens Financial Services, Inc.



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