CHICAGO, June 11, 2003 - GE Healthcare Financial Services announced that it has completed a $60 million loan to Youth and Family Centered Services, Inc. (YCFS), a private healthcare company that provides behavioral, educational, and long-term services to abused and neglected children and adolescents.

One of the largest for profit companies of its kind in the United States, YCFS operated nine facilities in nine states prior to the closing of this transaction. The company will use a portion of the loan to acquire the assets of five companies known collectively as Youth Options, which operates four premier behavioral health facilities in Indiana and another in Ohio. Founded in 1995 and developed by Jagdish Kulkarni, M.D., these psychiatric residential treatment centers employ over 300 people and serve approximately 275 children and adolescents daily in facilities in Indiana and Ohio. YCFS, a client of GE Healthcare Financial Services since 2000, will use the balance of the loan to refinance its existing subordinated debt.

"GE Healthcare Financial Services continues to be extremely supportive of YCFS," said Kevin Sheehan, President and Chief Executive Officer of YCFS. "Not often do you see a lender step up and provide financing for a major acquisition and take out the company's subordinated debt at the same time. When the opportunity to acquire Youth Options arose, we knew that we could depend on GE Healthcare Financial Services as our partner. With their deep healthcare expertise, they once again provided leadership in offering us the best financing option to meet our needs, enabling us to close this deal quickly with confidence."

GE Healthcare Financial Services underwrote the $60 million in senior financing, consisting of a $10 million revolving credit facility, a $30 million term loan A and a $20 million term loan B. GE Healthcare Financial Services was also the sole lead arranger and sole book runner for the deal. ING Capital LLC and Merrill Lynch Capital also participated in the transaction.

Bob McCarrick, Senior Vice President, GE Healthcare Financial Services, Corporate Finance, said GE continues to be impressed with both the operational and financial performance of YCFS. "Our transaction with Youth and Family Centered Services is yet another example of our many successful partnerships in the healthcare industry," McCarrick said. "YCFS has an outstanding management team that truly cares about its young patients and is very adept at balancing outstanding care with financial results. When it comes to providing affordable health, education and long-term services to abused and neglected children and adolescents, no company does a better job than YCFS."

GE Healthcare Financial Services, a unit of GE Commercial Finance, 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, vendor programs and acquisition financing. 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 www.gehealthcarefinance.com .

YFCS is dedicated to providing affordable and successful health, education and life skills to children and adolescents who have been abused, neglected and are intellectually, emotionally and behaviorally challenged. YFCS was founded expressly to provide services to youth, through the acquisition of specialized service companies throughout the country. Its emphasis on offering quality services at fair prices serves the interests of its patients, its payors and, in the long term, the society at large. YCFS's website is www.YCFS.com Cravey, Green and Wahlen, Inc., a private equity firm based in Atlanta, owns nearly 80 percent of YCFS's common equity.

Media Contacts

Leslie Krohn
Vice President of Communications
312-441-7710
leslie.krohn@ge.com

Deia Campanelli
GE Healthcare Financial Services
312-441-6169