Tetra Financial Group announced that it provided a $1.6 million equipment finance facility for a large hospital serving the Northeastern United States. The asset-based lease is being used to purchase new durable medical equipment as well as a new operating software system.

Tetra’s credit facility will allow the hospital to provide the necessary equipment to stay cutting edge in its many fields of expertise. Tetra has positioned itself into the long-term growth plans of the hospital and additional equipment needs are currently being discussed.