Equipment Sector News — Medical
GE Capital: Healthcare CFOs Cautious About State of Industry
U.S. CFOs of middle-market companies in the healthcare industry continue to express concern over the state of their industry, while growing slightly more positive about the U.S. economy, according to the latest U.S. Mid-Market CFO Survey by GE Capital.
Read more...Date Posted May 3, 2012
Report: Medical Equipment Leasing to Reach $56B by 2017
According to a report by Global Industry Analysts, the global market for medical equipment rental and leasing is forecast to reach $56 billion by the year 2017.
Read more...Date Posted April 30, 2012
Hospitals’ Spending Exception Creates Lending Opportunities
Despite negative conditions prompting the continued deferral of capital expenditures whenever possible, U.S. hospitals will make one major exception this year – they will spend on information technology to implement electronic health records, according to a new white paper by The Alta Group and PayNet.
Read more...Date Posted April 11, 2012
Olympus Says Medical Equipment Growth Key to Revival
Olympus announced the launch of three new medical products that are intended to solidify its position in the endoscopic market. At the launch event, the head of Olympus medical equipment marketing is quoted as saying, “Without growth in our medical business, I do not think there will be a revival for Olympus.”
Read more...Date Posted March 22, 2012
Horizon Technology Finance Closes $15MM Loan to Radisphere
Horizon Technology Finance announced that it has closed a $15 million venture loan to Radisphere, a radiology provider that works with rural and community hospitals to measurably improve quality of services and patient care, while managing costs.
Read more...Date Posted March 21, 2012
Boston Financial Closes Lease Line for Medical Equipment
Boston Financial said it closed an equipment lease line with a cancer diagnostic test company in Rockville, MD for the acquisition of laser microscopes.
Read more...Date Posted March 20, 2012
NY Dormitory Authority Executes $88.84MM Lease for EMR Project
The Dormitory Authority, a public benefit corporation serving the citizens of New York State through construction and financing programs, executed a tri-party master lease of $88.84 million for an EMR project for Catholic Health Services of Long Island.
Read more...Date Posted December 13, 2011
GE Capital, CIT Commit Financing for Affymetrix Acquisition
Affymetrix announced it has signed an agreement to acquire eBioscience for $330 million. The company said it has obtained a $190 million financing commitment from GE Capital HFS as agent for a lender group, which includes CIT Healthcare, to finance the transaction.
Read more...Date Posted December 1, 2011
Phillips Medical Capital in Lease With Holyoke Medical Center
Holyoke Medical Center said MassDevelopment has issued a $3 million tax-exempt lease on its behalf to acquire a variety of medical and non-medical equipment. The community hospital said that Phillips Medical Capital purchased the lease.
Read more...Date Posted November 29, 2011
Radius Closes Tranche With GE Capital Healthcare, Oxford
Radius Health said it closed the second of its three-tranche $91 million financing round announced in May 2011. The $27.65 million second tranche included $6.25 million in debt financing from GE Capital, Healthcare Financial Services and Oxford Finance.
Read more...Date Posted November 29, 2011
Doral Healthcare Finance Provides $4.5MM to Two Companies
Doral Healthcare Finance said it has provided $4.5 million in asset-based working capital facilities to two healthcare companies.
Read more...Date Posted November 29, 2011
Oxford Finance Provides $5MM Facility to Mason Health
Oxford Finance said closed a $5 million revolving line of credit with Mason Health. Proceeds of the loan are being used to refinance existing debt and to support the operation of multiple skilled nursing facilities throughout Texas.
Read more...Date Posted November 21, 2011
GE Capital HFS Deploys $5 Billion in Loans YTD
According to The Washington Post, GE Capital Healthcare Financial deployed more than $5 billion in loans to many sectors of the healthcare industry through the first nine months of 2011.
Read more...Date Posted November 14, 2011
Survey: EHR Adoption Lowest Amongst Smaller Practices
ModernMedicine notes in an article that according to an ongoing survey, more than one-fifth of physician offices were not even aware that they could get a government incentive for EHR adoption.
Read more...Date Posted November 10, 2011
Merge Healthcare Gets ‘Meaningful Use’ Approval for EHR Software
Merge Healthcare said it has received the federal government’s “meaningful use” stamp of approval thus becoming the industry’s only major radiology information system with EHR ambulatory certification.
Read more...Date Posted October 14, 2011
Special Report: Medical Equipment, Technology Leasing Grow
A special report by DOTmed Business News, indicated that prospects for medical equipment leasing and healthcare technology are becoming stronger, as institutions seek affordable equipment and IT upgrade solutions.
Read more...Date Posted October 10, 2011
Capital Finance, Gemino Increase MetroSouth Facility to $10MM
Capital Finance and Gemino Healthcare Finance said they funded a $10 million revolving line of credit to MetroSouth Medical Center. The proceeds from the transaction are being used for working capital purposes. Gemino will serve as co-lender and collateral agent.
Read more...Date Posted October 7, 2011
First Financial Healthcare Expands Pacific Northwest Operations
First Financial Healthcare Solutions, a provider of medical equipment leasing for hospitals and healthcare facilities, said it added a new office location in Portland, OR to accommodate its rapid expansion across the Pacific Northwest.
Read more...Date Posted September 20, 2011
Survey: Meaningful Use Strongest Driver to Implement EHRs
Meaningful use incentives are still one of the strongest drivers for most physicians (64%) to implement electronic health records (EHR) technology, but for 32% of those who are in the market for EHRs, insufficient capital is still a key challenge, according to a survey by Sage Healthcare Division.
Read more...Date Posted August 15, 2011
Americorp Financial Backs Health Robotics Rental Program
Health Robotics said that Americorp Financial has backed preferred rental program options available to U.S. healthcare institutions for the company’s i.v.STATION, i.v.SOFT, CytoCare and i.v.STATION ONCO solutions.
Read more...Date Posted July 12, 2011
GE Capital to Provide Floor Plan Financing to HASCO Medical
HASCO Medical, a managed healthcare provider that serves patients in Alabama, Florida and Mississippi, said it has reached an agreement with G.E. Capital to serve as its floor plan financier for both Braun and VMI vehicles.
Read more...Date Posted July 11, 2011
MidCap Extends Financing Capacity, Exceeds $1.1B in Commitments
MidCap Financial has renegotiated and/or extended its four primary credit facilities with improved structures and reduced pricing. MidCap’s total debt financing capacity now exceeds $900 million. The company also closed over 85 senior financings representing more than $1.1 billion in loan commitments.
Read more...Date Posted July 6, 2011
Attorney Writes of Medical Equipment Leasing Benefits, Risks
In an article titled “Leasing office equipment offers advantages over purchasing (beware of the fine print)” in Medical Economics, attorney Raymond W. Dusch writes about the benefits and possible risks in leasing medical equipment.
Read more...Date Posted June 16, 2011
Medical Equipment Provider Named Top 5 Fastest-Growing
Medical equipment provider Integrated Services announced it has been named one of St. Louis’ five fastest-growing privately-held companies by the St. Louis Business Journal.
Read more...Date Posted June 13, 2011
Tetra Financial Provides $1.6MM Equipment Facility to Hospital
Tetra Financial said it provided a $1.6 million equipment finance facility for a large hospital serving the Northeastern United States. The hospital will use the financing to purchase new medical equipment and operating software system.
Read more...Date Posted June 2, 2011
Medical Center Applies for EHR Government Funding
Detroit Medical Center said it is among one of the first in the region to apply for government incentive funding for meaningful use of its electronic health record system.
Read more...Date Posted May 19, 2011
Guidance on ACOs Includes Meaningful EHR Usage
According to a Lexology article, accountable care organizations will have to qualify for additional payments from Medicare, which includes that 50% of an ACOs primary care physicians must be meaningful EHR users.
Read more...Date Posted April 11, 2011
Global Medical Equipment Rental, Leasing Up to $56B by 2017
Global Industry Analysts announced the release of its report on medical equipment leasing and predicts the global market will reach $56 billion by 2017 as more healthcare services choose to lease rather than purchase costly devices.
Read more...Date Posted April 4, 2011
Survey Reveals Top Equipment Leasing Markets
The medical equipment, oil/gas/energy and machine segments of the equipment finance industry have the most optimistic outlook for 2011, according to a recent survey of asset managers and consultants.
Read more...Date Posted April 4, 2011
EHR Adoption to Positively Affect Healthcare Industry
According to a recent survey conducted by Dell, hospital executives believe financial incentives for adopting EHR technology will have a positive effect on the healthcare industry.
Read more...Date Posted April 4, 2011
