GE healthcare arm to purchase HPSC

Published November 12, 2003 12:00 AM EST 1 Min Read

HPSC Inc. and GE Healthcare Financial Services announced that GE would acquire HPSC for about $72.4 million in an all stock transaction, working out to $14.50 per share, according to an 8-K filed with the Securities and Exchange Commission.

HPSC, a small and medium ticket equipment lender specializing in dentistry, has been a periodic issuer of equipment-backed ABS. HPSC issues through its Gloucester Funding platform.

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