Textron Financial Extends Asset-Based Financing to Healthcare Providers


Providence, Rhode Island - March 11, 2005 - Textron Financial Corporation announced today that it has begun offering asset-based financing to U.S. healthcare providers. Textron Financial's healthcare financing leverages the value of third party claims for a range of healthcare providers, including hospitals, skilled nursing operators, home health agencies, and outpatient clinics, as well as manufacturers and distributors that serve the healthcare market.

Patrick Quinton will lead the Healthcare Finance group as Managing Director. "We are excited to have Patrick leading our Healthcare Finance team," said Jay Carter, President of Textron Financial. "Patrick's history of leading Textron Financial into new markets will be instrumental to the success of this initiative. We expect Textron Financial to be the lender of choice for small and middle market healthcare providers."

"Healthcare providers face unprecedented complexity and uncertain reimbursement dynamics," Quinton stated. "With our combination of financial strength and expertise, we are particularly well-suited to help an industry with too few financing options address these challenges."

Most recently, Quinton was a Co-founder and Managing Partner of Textron Financial Mezzanine Partners, L.P., a mezzanine fund targeting small and middle market growth companies. Quinton also served as Vice President-Credit for Textron Financial's Growth Capital Division. Prior to joining Textron Financial, Quinton was Manager of the Mezzanine Finance Group at the South Shore Bank of Chicago. Quinton has more than 17 years of commercial lending, specialty finance and mezzanine investing experience.

About Textron Financial Corporation
Textron Financial is a diversified commercial finance company with $9 Billion in managed and serviced finance receivables. It has core businesses in Aviation Finance, Asset-Based Lending, Distribution Finance, Golf Finance, Resort Finance, and Structured Capital. Textron Financial also provides financing programs for products manufactured by its parent company, Textron Inc. Additional information about the company is available at www.textronfinancial.com.

About Textron Inc.
Textron Inc. (NYSE: TXT) is a $10 billion multi-industry company with 44,000 employees in 40 countries. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com.

Home | Terms of Use | Privacy | Legal | Sitemap | Customer Care Center
TFC@Work | Download Citrix Client