Wheeler Financial Funds Compass Medical Technology & Software Expansion
JUN 25, 2020 - 6:50 am
Wheeler Financial from Pitney Bowes closed a financing transaction with Compass Medical, an affiliate of Steward Healthcare System. The physician-owned and directed healthcare organization will invest in medical equipment and software to deliver medicine and care to patients across southeast Massachusetts.
Compass Medical identified the need for an investment in technology and software, specifically in the areas of chemistry and hematology. Wheeler Financial from Pitney Bowes financed this investment, with a transaction customized to suit the company and its investment strategy.
“We selected Wheeler Financial after reviewing a group of different lenders to partner with. Not only were they responsive and efficient, they also worked hard to customize the terms of the transaction to suit our requirements,” Brian McKenna, director of ancillary services at Compass Medical, said. “Knowing we have the support of a robust lender helps us build a solid foundation for current and future investment.”
“Larger banks tend to take a ‘one size fits all’ approach to lending, but this just doesn’t suit many of America’s smaller businesses, particularly in the current economic climate,” Christopher Johnson, senior vice president and president of Pitney Bowes Financial Services, said. “Main Street needs a lender that understands each business’ unique and individual characteristics and adapts their lending terms to fit. At Wheeler Financial from Pitney Bowes, we have industry experts that take time building relationships with their clients, so they can provide them with both the capital and terms they need to flourish.”
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