Western Alliance Bank introduced Western Alliance Equipment Finance, a national specialty banking group created to target the $1 trillion equipment financing sector and provide capital equipment financing solutions for companies nationwide.

The newest Western Alliance group will be led by Senior Vice President Brian Scott, who will serve as managing director of equipment finance, and Vice President of Sales Jon Brown. Collectively, Scott and Brown have nearly 50 years of equipment financing experience.

With an initial focus on the healthcare industry, Western Alliance’s new group will provide access to capital to help healthcare organizations purchase crucial equipment. Hospitals, imaging centers, healthcare suppliers, physician practices and pharmaceutical groups are among the group’s core clients.

“Western Alliance Equipment Financing is focused on customizing a capital markets experience by taking a holistic approach to clients’ needs and working with other divisions within Western Alliance Bank to bring new financing solutions to the table,” said Scott. “From small physician practices to large-scale integrated delivery networks, our clients will have the opportunity to access a range of financing products to meet their individual circumstances.”

In addition to working directly with front-line healthcare delivery sources, the new group plans to work directly with banks and captive financing sources to provide financing for their clients. While initially focused on healthcare, the group looks to expand into other industries such as technology, manufacturing and transportation.