GE Capital’s Healthcare Financial Services (HFS) business announced it is serving as administrative agent on $175 million of senior secured credit facilities for Physiotherapy Corporation. Proceeds will be used to refinance existing senior debt. GE Capital Markets served as joint lead arranger and co-bookrunner on the facilities.

“GE Capital was able to provide us with strong execution and syndication capabilities,” said Paul Solomon, Physiotherapy’s CFO. “One of the wonderful benefits of significantly lowering our borrowing costs is that we can invest even more in the great work already being done by our dedicated practitioners.”

“We are excited to be part of this important financing for a market leader in the outpatient physical rehabilitation space,” said Al Aria, senior managing director of GE Capital, Healthcare Financial Services. We look forward to supporting Physiotherapy’s management as they execute on their strategic plan.”

Exton, PA-headquartered Physiotherapy is a provider of outpatient rehabilitation services.