CHICAGO, July 2, 2003 - GE Healthcare Financial Services has acquired a portfolio of healthcare real estate mortgages with a balance of $84 million from FINOVA Capital Corporation.

"Our strong healthcare industry knowledge and financing expertise allowed us to accurately value this portfolio, and these same capabilities will enable us to optimize its value," said Gordon Olivant, Managing Director, Business Development, GE Healthcare Financial Services. "This acquisition fits well with our business development strategy, and we will continue to seek opportunities like this to grow our portfolio and expand our presence in the healthcare financing market."

GE Healthcare Financial Services is the premier provider of capital, financial solutions and related services for the global healthcare market. With $9 billion in assets, GE Healthcare Financial Services offers a full range of financing capabilities from equipment leasing and real estate financing to working capital lending and vendor programs. With a dedicated focus and a deep knowledge of the healthcare industry, GE Healthcare Financial Services collaborates with customers to create tailored financial solutions that help them improve their productivity and profitability. GE Healthcare Financial Services' website is .

Media Contacts

GE Healthcare Financial Services
Leslie Krohn
312/441-7710
leslie.krohn@ge.com

Deia Campanelli
GE Healthcare Financial Services
312-441-6169