BMO Harris Equipment Finance said it has hired David Sook to create a financing unit within the Equipment Finance team that is focused solely on the healthcare industry.

Sook has more than 23 years of experience working in the financial services sector, focused on healthcare providers throughout that time. He has been with PNC Financial for the past ten years. His most recent role was senior vice president, where he led a team of business development officers, program managers and documentation specialists to expand PNC’s presence in both the vendor and direct healthcare markets.

“Our focus on healthcare will provide our Equipment Finance customers with customized financing alternatives, access to capital and specialized expertise,” said Jud Snyder, managing director and head, BMO Harris Equipment Finance. “David brings a wealth of experience in healthcare finance, and we see significant growth opportunities within this sector throughout the country.”

BMO noted that medical equipment represented over 7% of all equipment financed in the U.S. in 2010, which represents a $4.5 billion industry, and the outlook for future growth is very positive.