Tetra Financial announced it recently closed a $1.5 million equipment lease for a private equity owned healthcare company located in TN. The financing will support the company’s expansion across several southeastern states.

Tetra said it worked closely with the private equity firm to tailor the transaction to fit the company’s projected budget and serve the increasing demand for its products and services. The company anticipates significant growth as a result of this equipment, which consisted primarily of medical ventilators to be used by clients in several states.