Los Angeles-headquartered commercial lender CapitalSource has appointed Michael Broderick as a director to lead the healthcare leveraged finance group. Broderick will oversee origination and execution of all healthcare transactions and will be based in the firm’s Boston office, reporting to Ryan Golding, managing director, leveraged finance.
CapitalSource, one of the leading commercial lenders to small and mid-sized businesses, announced that Michael Broderick has joined the firm as a director and will lead the Healthcare Leveraged Finance group. Broderick will oversee origination and execution of all healthcare cash flow transactions and will be based in the firm’s Boston office, reporting to Ryan Golding, managing director, Leveraged Finance.
The Healthcare Leveraged Finance group at CapitalSource serves middle-market companies across multiple healthcare sectors, providing senior debt solutions through its wholly-owned subsidiary, CapitalSource Bank. The group has built a loan portfolio of over $350 million by providing expertise in lending to borrowers across the nation.
“Mike brings significant healthcare experience and solid industry relationships to his new role at CapitalSource,” commented Golding. “Our team has a deep understanding of the challenges healthcare companies face and are experts at providing the financing solutions those companies need today. We’re very excited to have Mike joining the team, as he truly complements our capabilities.”
Broderick joins CapitalSource from General Electric Capital Corporation, where he spent 11 years working in various positions of increasing responsibility. Most recently, he was a senior vice president at GE’s Healthcare Finance Business, where he specialized in healthcare leveraged finance transactions across middle market and large capital private equity sponsors. Earlier in his GE career, Broderick worked at GE Equity, specializing in healthcare co-investments with private equity sponsors.
Broderick holds a Bachelor of Arts in economics from the College of the Holy Cross and an M.B.A. in Finance and Healthcare Industry Management from the Kellogg School of Management, Northwestern University.
CapitalSource Inc. (NYSE:CSE), through its wholly owned subsidiary CapitalSource Bank, makes commercial loans to small and middle-market businesses nationwide and offers depository products and services in 21 retail branches in southern and central California. CapitalSource, headquartered in Los Angeles, had total assets of $8.3 billion and total deposits of $5.1 billion as of December 31, 2011.