Wingspire Equipment Finance closed a $22 million transaction for a healthcare organization that operates multiple hospitals, long-term care facilities and outpatient clinics. The financing helped strengthen liquidity by reimbursing 100% of invoices paid for a broad range of essential patient care equipment purchased in the prior 12 months.
The transaction was structured as a fully amortizing Equipment Finance Agreement (EFA) and included hospital-related assets, including blood analyzers, X-ray units, anesthesia machines, dialysis machines, ultrasound systems, CT scanners and patient monitoring systems.
The transaction came as the client’s financial position was improving following a period of constrained capital investment. Wingspire Equipment Finance moved quickly to provide a financing structure supported by recently acquired assets, helping the healthcare provider enhance its available capital.
“Healthcare organizations are capital-intensive and rely on strategic financing to maintain operations and serve their communities,” Jeffrey Okano, senior vice president of originations at Wingspire Equipment Finance, said. “With experience serving many healthcare providers, we saw an opportunity to help our client monetize recently acquired equipment and strengthen their liquidity. This transaction demonstrates the value of a financing partner that understands healthcare, moves with urgency and delivers when timing and certainty matter most.”
