Boston Financial recently funded a $2 million equipment lease with a partner. The lessee, a long-term acute care hospital operating in over 25 states, was referred to Boston Financial by a vendor finance company.
The vendor maxed out with this client and wanted no more risk for non-vendor equipment located at the specialty hospitals.
Boston Financial’s decision to lease to the hospital was based on the use and need of the equipment (ventilators in mainly metro cities) and limited exposure to Medicare/Medicaid patients with slowly improving operational performance since restructuring in 2022. The $2 million was a participation with equal assets.
