BNP Paribas Leasing Solutions and Syneron Medical, a global aesthetic device company, announced that the companies have signed a European framework agreement for vendor financing in the medical sector.

Following the successful implementation of vendor finance programs throughout the United States and Canada, Syneron has chosen to develop a similar program throughout Europe and has selected BNP Paribas Leasing Solutions as its key partner.

The initial European framework agreement signed by the group covers the following countries: France, Italy, Portugal, Spain, UK and Germany, with plans to expand into other countries at a future date.

The agreement will provide Syneron’s customers, which include dermatologists, plastic surgeons, family practitioners and other physicians, and medical spa professionals, with better overall choices for equipment acquisition and financial products. Through BNP Paribas Leasing Solutions, financial products such as finance leases or renting contracts, which may include variable payments schedules and irregular payments streams, are just a few of the financial products that will be available to Syneron’s customers.