GE Healthcare Financial Services Finalizes

GE Healthcare Financial Services continues to show its commitment to the senior housing industry with a $207 million first mortgage for the Atria Senior Living Group. Louisville-based Atria – the eighth largest provider of retirement and assisted-living services in the United States – owns and operates 124 communities in 27 states.

Leveraging its senior housing expertise, GE Healthcare Financial Services tailored a flexible financing agreement to meet Atria's current and future financing needs as well as meet structure needs for the portfolio. The structure works well for the stabilized properties in the portfolio, as well as those with upside potential, and includes both 10-year fixed rate and a 5-year floating rate pools. The floating rate pool also allows Atria to make $32 million in capital improvements to the properties in that pool.

“We brought GE an extremely complex situation and they gave us a very smart solution. GE has become much more than a lender to us. They have become a valued financing partner,” said John Moore of Atria Senior Living Group. “GE listened to our needs and delivered a financing solution that complements our strategy. They have certainly become our first call when we have an important financing need.”

GE Healthcare Financial Services, a leader in senior housing lending, works with seven of the 10 largest assisted living providers, as ranked by the April 2007 edition of Assisted Living Executive magazine, including Sunrise, Brookdale, Emeritus, Sunwest, and Atria.

“Atria is a long-term customer who has demonstrated a very real commitment to overall quality. We see this in how they manage their financing relationships and in how they operate their business and care for their residents. GE Healthcare Financial Services is committed to providing customers like Atria with financial solutions that help them achieve their business objectives,” said Kristen Ahrens, senior vice president of sales in real estate for GE Healthcare Financial Services. “We take a creative, client-focused approach in our work with each customer that’s backed by financial strength and a commitment to the senior housing market.”

About GE Healthcare Financial Services

GE Healthcare Financial Services is a provider of capital, financial solutions, and related services for the global healthcare market. With over $16 billion of capital committed to the healthcare industry, GE Healthcare Financial Services offers a full range of capabilities from equipment financing and real estate financing to working capital lending, vendor programs, and practice acquisition financing. With its knowledge of all aspects of healthcare from hospitals and long-term care facilities to physicians’ practices and life sciences, GE Healthcare Financial Services works with customers to create tailored financial solutions that help them improve their productivity and profitability. For more information, visit http://www.gehealthcarefinance.com.

GE Healthcare Financial Services Arranges $1.3 Billion Senior Credit Facilities for Inverness Medical Innovations

GE Healthcare Financial Services announced today it closed a $1.3 billion senior secured credit facility for Inverness Medical Innovations, Inc. (AMEX:IMA) to support the acquisition of Biosite Incorporated (Nasdaq:BSTE). GE Healthcare Financial Services serves as Administrative Agent for the facility. GE Capital Markets and UBS Investment Bank were Joint Lead Arrangers for the facility.

The senior secured credit facilities included a $150 million revolving credit facility, $900 million first lien term loan, and a $250 million second lien term loan. Inverness used the proceeds to finance the acquisition of Biosite, refinance its existing indebtedness, and provide increased liquidity for its working capital needs.

“The combination of Inverness and Biosite, along with the pending stock for stock acquisition of Cholestech, Inc. by Inverness, creates a broadened leadership position in the rapid diagnostics testing market,” says Ron Zwanziger, Chairman and CEO of Inverness.

“We have enjoyed our long relationship with Inverness and are pleased to play a part in helping Inverness continue to successfully grow and strengthen its position in the diagnostics market,” said David Varhol, Managing Director of GE Healthcare Financial Services.

“We appreciate GE Healthcare Financial Services’ and UBS’ responsiveness and successful execution of this financing, as well as their ongoing commitment to Inverness,” said David Teitel, CFO of Inverness. “The GE and UBS teams are supportive of our vision for future growth and development at Inverness.”

About GE Healthcare Financial Services

GE Healthcare Financial Services is a provider of capital, financial solutions, and related services for the global healthcare market. With over $16 billion of capital committed to the healthcare industry, GE Healthcare Financial Services offers a full range of capabilities from equipment financing and real estate financing to working capital lending, vendor programs, and practice acquisition financing. With its knowledge of all aspects of healthcare from hospitals and long-term care facilities to physicians’ practices and life sciences, GE Healthcare Financial Services works with customers to create tailored financial solutions that help them improve their productivity and profitability. For more information, visit http://www.gehealthcarefinance.com

About Inverness Medical Innovations, Inc.

Inverness Medical Innovations, Inc. is a leading developer of advanced diagnostic devices and is presently exploring new opportunities for its proprietary electrochemical and other technologies in a variety of professional diagnostic and consumer-oriented applications including immuno-diagnostics with a focus on women's health, cardiology and infectious disease. The Company's new product development efforts, as well as its position as a leading supplier of consumer pregnancy and fertility/ovulation tests and rapid point-of-care diagnostics, are supported by the strength of its intellectual property portfolio. Inverness is headquartered in Waltham, Massachusetts. For additional information on Inverness Medical Innovations, Inc., please visit the Company’s website at www.invernessmedical.com

About Biosite Incorporated

Biosite Incorporated is a leading bio-medical company commercializing proteomics discoveries for the advancement of medical diagnosis. The company's products contribute to improvements in medical care by aiding physicians in the diagnosis of critical diseases and health conditions. The Biosite Triage® rapid diagnostic tests are used in more than 70 percent of U.S. hospitals and in more than 60 international markets.