TFS Financial, a provider of finance solutions for U.S. and Canadian equipment manufacturers, dealers, resellers, and marketplaces, has partnered with Beautifi, a Canadian healthcare-related finance and technology company, to provide equipment financing solutions to healthcare practitioners and clinics.
The agreement marks an expansion for TFS, which has traditionally provided financing to industrial and automotive businesses and will help medical providers invest in new equipment to grow their practices.
The partnership allows clinics to access capital for high-cost medical equipment, with some purchases exceeding $250,000. Aaron Case, president of TFS, said the move aligns with the company’s expertise in equipment finance.
“We have identified many commonalities between our traditional markets and the medical clinics and providers that are looking to grow their practices by offering their patients the latest innovative procedures,” Case said. “Our forty years of expertise in equipment finance provides TFS with a solid foundation for entering the medical equipment sector and offering loan and lease solutions that clinics and practitioners need. We look forward to working with Beautifi to deliver the financing solutions this market requires to grow and satisfy the increasing demand for specialized health-related services.”
The partnership also represents an expansion of Beautifi’s traditional business model. The innovative Beautifi platform empowers consumers to find, obtain, and finance a range of non-insured procedures, from fertility treatments to cosmetic surgery. The relationship with TFS Financial enables Beautifi to offer financing to qualified providers for the purchase of expensive medical equipment whose costs can exceed $250,000.
