MISSISSAUGA, ON, March 6 /CNW/ - GE Money, the Canadian consumer-lending
unit of the General Electric Company (NYSE: GE) announced today that its
CareCredit division is adopting a new "look and feel" to its communications to
leverage its ties to GE Money as it expands in Canada.
"We are making this change to help consumers better see the association
between CareCredit and GE," said Eric Coulson, general manager, Canada, for GE
Money - CareCredit. "Doctors have indicated that knowing CareCredit is backed
by GE Money is important to them. Clients and customers will know that they
are dealing with an organization that has corporate stability, reliability and
a commitment to service excellence."
CareCredit offers no interest and extended payment plan options to assist
individuals with costs associated with dentistry and health care, in addition
to programs that help with veterinary expenses for pets. Participating clinics
and practices are able to take advantage of the following benefits:
- a focus on care, not on payments
- direct electronic payment of funds within two business days
- reduction in accounts receivable, associated billing and collections
- ongoing support for the practice, including client materials,
software, online services and training
"We recognize that financial flexibility can make an enormous difference
in the overall medical outcome. Our goal is simply to offer individuals
flexible payment solutions, while reducing the business risk to the practice,"
added Coulson. "The combination of the CareCredit and GE Money brand names
gives doctors a sense of confidence that they are entrusting their patients
with a financial partner they can count on."
CareCredit's programs offer a comprehensive range of payment plan options
including 3-, 6-, 12- and 18-month no interest, and 24-, 36-, 48- and 60-month
extended payment plans(*). The change to CareCredit will be seamless to existing
clients and cardholders.
CareCredit is North America's leading client-financing program at work in
more than 70,000 healthcare practices and has been used by more than 6 million
clients. For more information about CareCredit or to enrol in the program,
health care professionals and individuals are encouraged to call
1-800-300-3046, ext. 4519, or visit www.carecredit.ca.
(*)Some conditions apply. Subject to approval by GE Money.
About GE Money
With more than $163 billion in assets, GE Money, a unit of General
Electric Company, is a leading provider of credit services to consumers,
retailers and auto dealers in 50 countries around the world. Based in
Mississauga, Ontario, GE Money - Canada provides private label credit card and
MasterCard programs to consumers, and lending options for retailers in key
industries across the country. GE Money also is a provider of alternative
residential mortgages. More information can be found at www.gemoney.ca.
GE is Imagination at Work -- a diversified technology, media and
financial services company focused on solving some of the world's toughest
problems. With products and services ranging from aircraft engines, power
generation, water processing and security technology to medical imaging,
business and consumer financing, media content and advanced materials, GE
serves customers in more than 100 countries and employs more than 300,000
people worldwide. For more information, visit the company's web site at
In Canada, GE has more than 10,000 employees, 19 major manufacturing
plants and more than 150 sales and service locations across the country.
For further information:
For further information: Eric Coulson, General Manager, Canada, GE Money
CareCredit, (905) 858-5159; Troy Underhill, Communications Manager, GE Money,