GE Veteran Leads New Healthcare Equipment Leasing Company Dext Capital
OCT 15, 2018 - 7:10 am
Dext Capital launched as a new independent equipment leasing company focused on the healthcare industry. The company plans to begin offering equipment financing at the beginning of 2019.
Dext Capital is led by industry veteran Kyin Lok, who will serve as president and CEO. Lok has over two decades of equipment leasing experience with U.S. Bank and GE and most recently led a number of leasing verticals for TCF Bank. The Dext team collectively has over 150 years of experience in the equipment leasing industry.
Dext Capital is backed by Sightway Capital, a Two Sigma company focused on private equity investments. Sightway will work closely with Kyin and the Dext leadership team to support the company’s growth and capability development over time.
“Sightway Capital has had the good fortune to work with a number of talented leaders to develop business platforms in the financial services industry with a long-term growth focus,” said Wray Thorn, chief investment officer of Sightway Capital. “We have been proactively developing opportunities in the healthcare finance sector for some time with this objective in mind.”
“I’m delighted to partner with Sightway to launch Dext Capital, a highly flexible equipment leasing platform for healthcare providers,” said Lok. “Industry dynamics today are often characterized by small independent lessors which lack access to efficient capital and banks which are burdened by complexity with overly tight credit parameters. We believe that Dext Capital can address this growing market and provide a solution for our customers as an independent and well-capitalized alternative with a deep understanding of the industry and an advanced technology orientation.”
Accompanying Lok on the Dext leadership team are:
Eric Gross as chief operating officer. He previously served general manager for Bank of the West’s servicing business.
Scott Eshleman as chief risk officer, who previously oversaw the profitable growth of multiple business lines to over $250 million in originations for Umpqua Bank.
Lou Altobelli as national sales manager. He most recently led Siemen Financial Services’ team of 10 nationwide territory managers.
Jeff Rathjen as vendor and business development manager. He previously worked as national program manager for TCF’s healthcare division.
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