Los Angeles-based CapitalSource has hired Michael Broderick as a director in Boston to oversee origination and execution of leveraged finance for the healthcare sector, the firm announced today.
The healthcare group at CapitalSource provides senior debt financing to middle-market companies through a wholly owned subsidiary, CapitalSource Bank. The group has built a loan portfolio of over $350 million, according to the firm.
Broderick joins from GE Capital, where he spent the past 11 years, most recently as a senior vice president working on middle-market and large-cap sponsored transactions in the healthcare sector. Earlier, Broderick worked at GE Equity, specializing in healthcare co-investments with private equity sponsors.
CapitalSource 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 had total assets of $8.3 billion and total deposits of $5.1 billion as of Dec. 31, 2011. – Kelly Thompson